caueconomy
LTH's have not yet reached their maximum pressure point, but they are very close.đĽ
Looking at the on-chain spending pattern of long-term holders, measured through the Spent Output Profit Ratio (Adjusted with a 30-day moving average in the chart) we can find the biggest selling points at a loss. Historically these points have been the best risk-adjusted entries in the last two bear market floors. Although not exactly the last price found in the cycle. Through the DPO we see that they are already encountering a slowdown in the sales force and will soon have reached their maximum pressure point. This indicates that we may already be within a timely trading range for long-term accumulators, which will have high probability of profit in the next 1-2 years or maybe even sooner.