Long-Term Holder Transfer Volume in Profit

Long-Term Holder Transfer Volume in Profit is used to track the number of BTC that moved on the day and held for ≥ 155 days, and the price of the last move was lower than the current price.

This indicator can be used as an auxiliary indicator for judging the top range of the market, that is, other indicators have been used to judge that the market is close to the top range, and at the same time, there is a large-scale deviation between this indicator and the price trend, indicating that the chips of long-term holders have been distributed at high prices, which often correspond to The top range of prices.

The reason for the above phenomenon is that long-term holders are the smartest group in the market. They collect low-priced chips in a bear market, and then distribute high-priced chips to new short-term holders in a bull market. When the price is higher, Long-term holders sell less BTC in profits, which only means that long-term holders have no more chips to distribute, which often means that the market top has been reached.