Definition ∞ LTH Spending refers to the movement of digital assets by Long-Term Holders, typically defined as addresses that have held their assets for an extended period, often exceeding 155 days. This activity usually involves transferring assets to exchanges for selling. It is an on-chain metric indicating a potential shift in conviction among seasoned investors.
Context ∞ Periods of increased LTH Spending are closely watched by market observers, as they can signal profit-taking at market highs or capitulation during downturns. Analyzing the age of coins being spent provides valuable insight into the psychological state of long-term investors. Such movements can influence market supply dynamics and contribute to price corrections or sustained rallies.
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