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Glassnode Glassnode @glassnode · 44.1K subscribers
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The Bitcoin Long-Term Holder (LTH) Binary Spending Indicator is a tool we can use to profile and visualize the intensity of HODLer distribution pressure. We note a significant and sustained decline in LTH Supply into the $73k ATH in March.

As of the last few weeks however, this distribution pressure has eased off markedly, giving the bulls more breathing room, and less resistance overall.

Discover more in the latest Week On-Chain below 👇
https://glassno.de/3UQ7NBV
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