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Long-Term Holder Supply has also come ever-so-slightly off its ATH, declining by ~75k BTC since November as older coins are spent to take profits. Whilst 75k BTC is a meaningful sum, it should also be viewed within the context of total LTH supply accounting for a whopping 76.3% of the circulating coin supply. The inverse measure, Short-Term Holder supply, is only just ticking up off all-time-lows as this spending takes place By Crypto Australia