LTH Capitulation?

Hi Folks,

Last article, I focused on the bear market drawdowns and how we haven’t seen a capitulation from the long-term holders in the 6 month to 2 year cohort yet. History would suggest that they are on the verge of capitulating, which could mean a significant sell-off to further push Bitcoin into the bear.

Let’s take a look at the data and draw conclusions on where BTC might be in the cycle.

LTH Cost Basis

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