Bitcoin News
By James Thorp
1 / 15
LTH Supply Drops to 13.6 Million BTC—A Level Not Seen Since Early 2023. According to prominent analyst Axel Adler, long-term holders have offloaded unprecedented amounts…
2 / 15
Distribution Patterns Resemble Previous Cycle Endings. What concerns market analysts is not simply the size of the sell-off, but its combination with…
3 / 15
Bitcoin Attempts to Stabilize But Technical Indicators Remain Bearish. Despite the bearish undertone, Bitcoin has attempted to stabilize around the $86,800 range…
4 / 15
What Comes Next for Bitcoin?. The market now enters a pivotal phase. If Bitcoin can build a stable base above $85,000 and…
5 / 15
Bitcoin’s recent struggle to reclaim levels above $90,000 has intensified concerns across the market, with analysts now warning that the ongoing correction may reflect deeper…
6 / 15
Over the past week, Bitcoin has remained trapped below the $90,000 threshold, oscillating between failed attempts at recovery and renewed selling pressure.
7 / 15
At the center of this shift lies one of the most significant developments of the year: a major distribution event among Bitcoin’s long-term holders (LTHs), a cohort historically…
8 / 15
This heavy distribution has driven LTH supply down to 13.6 million BTC, its lowest level since the beginning of the current bull market.
9 / 15
Adler’s analysis highlights that the 30-day Net Position Change, a key metric used to track LTH behavior, is now showing one of the deepest negative readings since the bull trend…
10 / 15
The latest decline has been particularly aggressive. Between November 11 and November 25, long-term holders sold 803,399 BTC, averaging more than 53,000 BTC per day.
11 / 15
What concerns market analysts is not simply the size of the sell-off, but its combination with falling prices. Typically, long-term holders distribute into strength.
12 / 15
Charts shared by Adler reveal deep red bars on the Net Position Change metric—indicating rapid supply compression—while Bitcoin simultaneously slid from its October highs.
13 / 15
Unless substantial new demand enters the market to absorb this volume, analysts caution that these distribution patterns could drag Bitcoin into a structurally weaker environment.
14 / 15
Despite the bearish undertone, Bitcoin has attempted to stabilize around the $86,800 range following its sharp correction from $120,000.
15 / 15
Bitcoin is now trading below the 50-day, 100-day, and 200-day moving averages, all of which have begun to slope downward.
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