#bitcoin ON-CHAIN ALERT

B $BTC Long-Term Holders are DISTRIBUTING heavily historically, this only happens near local or macro tops.

Massive LTH distribution spikes → Smart money taking profits

Previous similar spikes = trend exhaustion /deep pullbacks Price still looks strong, but on-chain tells a different story

Retail bullishness vs. LTH selling = dangerous divergence

Short-term: High risk of correction /shakeout

Mid-term: Market needs cooling + re-accumulation

Risk management > Hopium

Don't trade the noise. Follow the data.