🔥 $BTC Long Term Holder Spending spikes as Apparent Demand flips negative, distribution pressure returns
On chain data shows a sharp surge in 30 day Long Term Holder spending, with dormant coins flowing back to the market at one of the highest levels this cycle. At the same time, Apparent Demand Growth is turning red, signaling weakening spot absorption and fading buy side strength.
Historically, this combination of rising LTH distribution plus negative demand has marked late stage rallies and local tops, where smart money offloads into liquidity while price struggles to sustain momentum.
Price is now reacting with volatility expansion and downside pressure as supply overwhelms bids. Unless demand quickly flips positive, expect deeper corrections and aggressive shakeouts before any structural recovery.
Watch the demand bars closely. When red dominates while spending stays elevated, risk remains high ⚠