Long-Term Holder Realized Supply Density（±10%）

Long-Term Holder Realized Supply Density (±10%) is used to track the number of BTC whose price at the last move is within ±10% of the current price among the chips held for more than 155 days, as a percentage of all BTC held for more than 155 days.

This indicator can reflect how many chips long-term holders buy at around the current price.

Observation reveals:

When the chip density of long-term holders reaches a recent peak, it usually indicates a price increase in the bull market. The reason is that the chips of long-term holders are usually the "smart money" in the market. They continue to accumulate chips during market corrections. When the chip density reaches a certain height, it means that short-term selling has been exhausted and the market is likely to end its correction. As prices recover, they are continuously distributed to short-term holders, thus realizing profits.