Definition ∞ LTH Spending Low signifies a period when long-term Bitcoin holders are selling very little of their accumulated assets. This condition indicates strong conviction among seasoned investors, who are choosing to retain their holdings rather than realize profits or cut losses. A low spending rate from long-term holders suggests that significant selling pressure from this cohort is absent, often occurring during accumulation phases or early stages of a bull market. It reflects a collective belief in future price appreciation.
Context ∞ Crypto news often highlights LTH Spending Low as a bullish indicator, suggesting reduced overhead supply and potential for upward price movement. Analysts monitor this metric to identify periods of strong underlying market health. The current market narrative frequently examines whether the present low spending rates from long-term holders signal a sustained period of price stability or an imminent rally.
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