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Bitcoin LTH supply is turning positive again. more coins are aging into long-term holder status than being sold, signaling a shift toward holding behavior.
this is UTXO-driven, meaning it reflects coins simply remaining unspent over time, not necessarily aggressive accumulation.
historically, these shifts tend to precede stronger price action, but similar signals have appeared in bear markets without leading to sustained trends. for now, it’s an early constructive signal, not confirmation.