🚨 Bitcoin Holders Are Selling! History Rhymes 📉
Long-term Bitcoin ($BTC) holders are quietly shifting into distribution mode – a critical signal often preceding major cycle tops. The “LTH Net Position Change” has flipped negative, indicating veteran investors are now net sellers, not accumulators.
This isn’t typical volatility; it’s a historically reliable cyclical indicator. Looking at the 365-day trend, LTH distribution consistently aligns with significant market peaks. It’s when long-term conviction gives way to profit-taking. 💡
Shorter timeframes (90 & 30 days) react faster but are less definitive – useful for timing, not cycle identification. Remember, LTH accumulation doesn’t guarantee price increases (as seen in 2018, 2020, & 2022). However, when they start distributing, downside pressure tends to intensify.
This broader distribution trend is now re-emerging. This doesn’t mean an immediate crash ⚠️, but it signals a changing risk profile. Markets run on who’s selling – and who’s left to buy. Is this an early cycle rotation… or the first crack in a macro top? 🤔
#Bitcoin #OnChain #CryptoCycles #BTC 🐻
