In the Bitcoin market, long-term holders (LTH) play a key role in understanding market trends and predicting future movements. The accumulation and distribution behavior of LTH is one of the main on-chain indicators that shape Bitcoin’s price movements.

- As of 2024, the LTH metric is once again signaling critical market dynamics. Recent selling activity suggests that the market may enter a correction phase or face resistance at current price levels.

- The market may be in a consolidation phase before entering a new bullish cycle or a deeper correction. Since Bitcoin is in an “overheated” zone, investors are advised to be cautious and evaluate profit-taking opportunities.