At present, the market is comfortably placed in the Plateau of Patience, with a significant percentage of the supply held by #Long-Term Holders (#LTHs) who currently have an unrealized #loss on their position and their holdings are kept outside of exchanges. Additionally, the current supply structure #bears resemblances to those seen in early 2016 and early 2019.

Based on this observation, we can see that spending by long-term holders (#LTHs) has been minimal in recent weeks but has slightly increased during this #correction. The indicator shows that out of 7 Days, 4 days indicated a net divestment by LTHs, which is comparable to the level seen during exit liquidity events earlier this year.