Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide Analyzing capital rotation across cycle transitions
The total supply loss incurred by Bitcoin Long-Term Holders (LTHs) is slightly below 4 million.
Investigating the Flow of Capital Amidst Market Shifts
In studying the dynamics of capital rotation, we're particularly focused on the turning points across various cycle transitions. This perspective provides crucial insights into the mechanisms driving the Bitcoin market.
The Role of Bitcoin's Long-Term Holders on Supply Availability
When we turn our attention to Bitcoin, a key observation emerges. The cumulative supply deficit experienced by Bitcoin's Long-Term Holders (LTHs) is just under 4 million. This fact accentuates the pivotal role these groups play in determining the landscape of the Bitcoin market and its inherent volatility.
Decoding the Current State of the Market Cycle
The latest market trends suggest that we have reached the bottom of the cycle and are now witnessing a subsequent upward movement. This implies that the market could be transitioning into a new phase, one likely to bring about growth and amplified trading activities.



















