Supply Binaryspending Indicator Binaryspending Indicator
Bitcoin
This binary indicator flags days when long-term holders are actively spending coins.
Why it matters
It provides a simple on/off signal of long-term-holder distribution activity.
How it is built
Long-term-holder spending above a threshold sets the indicator to one, else zero.
What to watch
Clusters of active long-term-holder spending flag distribution phases typical of cycle tops.