Using the Long-Term Holder Spending Binary Indicator, we can detect periods of significant LTH spending by observing consistent declines in their aggregate balance. The LTH-spending regimes are classified as follows:
- Weak Spending đ©: LTH supply declines for at least 3 of the last 15 days.
- Moderate Spending đ§: LTH supply declines for at least 8 of the last 15 days.
- Strong Spending đ„: LTH supply declines for more than 12 of the last 15 days.