Bitcoin recently experienced a 4.5% pullback from its all-time high (ATH) above $100,000, achieved on Thursday. Long-term holders (LTHs)—those retaining Bitcoin for over 155 days—are once again at the center of attention. Their behavior, including accumulation and distribution, significantly impacts market trends.
Historical Patterns and Market Insights
CryptoQuant analyst Datascope highlights the role of the LTH accumulation/distribution ratio, an on-chain metric indicating market sentiment. When LTHs accumulate Bitcoin, it typically signals market bottoms, while increased distribution dur