The current Bitcoin market is showing important dynamics, especially through the behavior of long-term holders (LTHs). LTHs, who hold Bitcoin for 155 days or more, play a significant role in predicting market movements.

- **Accumulation Period**: Occurs when LTHs buy Bitcoin, usually at market lows, indicating buying at a low price.

- **Distribution Period**: Occurs when LTHs sell Bitcoin, usually at price peaks, indicating profit-taking.

In 2024, LTH selling activity indicates that the market may be entering a correction phase or facing resistance. However, it could also be a sign of the beginning of a new accumulation cycle. Investors are advised to be cautious and consider profit-taking opportunities.