Bitcoin long term holder supply has turned up after months of distribution, now back near 14.3M BTC. In past cycles fresh highs in LTH supply led $BTC by roughly 3–4 months. If this build up continues, it supports the view that this is a mid cycle reset, not a final top.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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