#Bitcoin supply held by Long Term Holders (LTH) usually needs to be spent to put the top in. At the 2017 top, LTHs had reduced their holdings from 74% at the point of Peak Hodl down to 58% of circ. supply. Currently, coins accumulated in late 2020 are maturing and LTH owned supply is actually increasing > 67%. We analysed this metric in Week 12 of The Week On-chain Newsletter for more details. Live Chart | @glassnode 14.6K views16:00
