Indicator Overview

The indicator measures the percentage of the total circulating Bitcoin supply that is held by Long-Term Holders (LTHs). LTHs are defined as wallets holding coins last moved more than 155 days ago. This percentage highlights the relative dominance of resilient, HODLed supply versus speculative capital, offering insight into market maturity and investor distribution dynamics.

How To Use

LTH Supply % is a valuable tool for identifying cyclical turning points and evaluating market health. When the LTH Supply % rises to historically high levels, it indicates a successful transfer of coins from speculative buyers to high-conviction, long-term holders (accumulation). This strong foundation often signals a cyclical bottom and low-risk entry zone. Conversely, a sharp decline in LTH Supply % indicates a large volume of old coins are being spent and sold to new speculative capital (distribution). This decrease in resilient supply precedes potential cyclical tops and high-risk environments.