🚨 ALERT: $BTC  LTHs Dumping Hardest Since 2018 Bear Market!

LTH Net Position Change (30D Sum) deep red bars dominating late 2025, mirroring the brutal distribution in Dec 2018.

Long-Term Holders offloading at peak rates, with supply dropping to cyclical lows (~14.33M BTC in Nov).

After ATH ~$126K, seasoned HODLers cashing in structural sell-side overwhelming spot demand.

$BTC  stuck ~$90K despite ETF hype & bullish macros LTH distribution is the silent killer capping upside!

Is this the final shakeout before capitulation... or deeper pain ahead? 👀