LTH supply is officially at all-time-high of 13.82M BTC.
This represents a whopping 72% of circulating supply. Let that sink in.
This represents a whopping 72% of circulating supply. Let that sink in.
1. The main trend is towards smaller wallets. Euphoria and panic are helpful for distribution
2. Price is basically inversely proportional to the average wallet size. (with exceptions)
3. Currently we have a situation like 18/19. Strong deviation from the correlation.
2. Price is basically inversely proportional to the average wallet size. (with exceptions)
3. Currently we have a situation like 18/19. Strong deviation from the correlation.
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