I would like to pay attention to the movements of long-term holders

I-would-like-to-pay-attention-to-the-movements-of-long-term-holders

In the current short-term market, the point at which long-term holders have made significant gains tends to be at (or just before) a temporary top in price.
Currently, that value is beginning to rise. I think we better pay attention to this change.

Indicator: LTH SOPR
Long Term Output Profit Ratio is a ratio of spent outputs (lived more than 155 days) in profit at the time of the window.
The adjustment was made by not accounting for 155days less lived coins' movements to track long-term investors.
Values over '1' indicate more long-term investors are selling at a profit.

The attached chart uses Log Scale and EMA to notice changes more quickly.
Also, it uses EMA16 because its 16 block resolution (about 15min) is considered equivalent to that of a 4-hour legs.