Long-term $BTC holders just flipped into profit-taking mode.
The spending metric crossed the critical 6 level — historically this marks a zone where OGs start distributing.
Why it matters:
• Below 6 = accumulation phase, strong hands buying
• Above 6 = distribution phase, old coins moving
• We're now in early distribution territory
This doesn't mean instant dump, but it's a liquidity signal. Smart money is rotating. If you're deep in profit, watch for exit liquidity forming.
TLDR: OG holders waking up. Plan accordingly.
The spending metric crossed the critical 6 level — historically this marks a zone where OGs start distributing.
Why it matters:
• Below 6 = accumulation phase, strong hands buying
• Above 6 = distribution phase, old coins moving
• We're now in early distribution territory
This doesn't mean instant dump, but it's a liquidity signal. Smart money is rotating. If you're deep in profit, watch for exit liquidity forming.
TLDR: OG holders waking up. Plan accordingly.