The proportion of LTH supply has actually returned to a modest uptrend, which indicates a general unwillingness for this cohort to liquidate. Faced with what looks like a bear market, LTH coins are firmly in cold storage, which remains a constructive undertone.
Like STHs, the LTH cohort are not without financial pain, with 6.04% of the 81.7% supply held by LTHs falling into an unrealised loss this week. This is the highest volume of LTH supply held at a loss since the March 2020 sell-off.
