The last time I shared this chart was in April of 2025, when I pointed out that for the first time in 7 months, long term holders had shifted from selling the pump to buying the dump.
This shift in LTH (long term holders) from net distribution to net accumulation marked the BOTTOM of our 7 month correction. We made a marginal lower low following this shift (by less than 3%) then saw a full on reversal to new ATH's.
Once again, for the first time in 7 months, LTH have shifted from being net sellers, to net buyers.
As I've said for months now, I do believe we are in the process of forming a higher low here before continuation of the uptrend that we have been in since 15k- and the data below suggest our reversal may be just around the corner...