📊 #BTC On-Chain Insight | LTH Activity

There’s a notable surge in BTC selling by long-term holders (LTHs) — among the largest seen in the past 5 years.

Key takeaways: • These spikes typically occur closer to market highs, not lows

• LTH supply is declining from record levels

• BTC price remains well above LTH realized price, indicating profit-taking, not capitulation

Long-term holders are locking in gains, a behavior worth watching as the cycle matures.