LTH Spending Alert🚨! Decoding the Long-Term Holder Activity
Ever wondered what #Bitcoin whales are up to? The Long-Term Holder Spending Binary Indicator (LTH-Spending) can shed some light!
This nifty tool tracks changes in the holdings of long-term investors (LTHs) and classifies their spending patterns:
Weak Spending (🟩): LTHs are dipping their toes in, #selling for at least 3 days out of the past 15.
Moderate Spending (🟧): LTHs are taking some profits, selling for at least 8 days in the last 15.
Strong Spending (🟥): LTHs might be feeling nervous, selling for over 12 days out of 15.
By understanding LTH activity, we can gauge market sentiment and potential volatility. ❄️ $BTC