LTH supply has been range bound between 13.56m to 13.27m BTC since the peak in November 2021.
It remains to be seen if they will eventually hold on to this accumulation considering the factor of market volatility. STHs usually enter the market during a bullish period and sell at the bottoms despite several exceptions.Interestingly, they have a low-cost basis but are still in a better financial position to hold thereon.In a macro scenario, exchanges have continued to see a decline in supply held since the trend began after the March 2020 capitulation.This accounts for 3.
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