Demand Sold Lthspent 2018 01 01 Sold Lthspent 2018 01 01

Bitcoin

This tracks cumulative long-term-holder distribution (spending) since a chosen start date.

Why it matters

It quantifies how much conviction-holder supply has been sold over a defined era.

How it is built

Long-term-holder coins spent are accumulated from the chosen anchor date forward. This particular series is anchored to the 2018-01 start date.

What to watch

Accelerating distribution marks late-cycle profit-taking; flat distribution reflects patient holding.

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