bitcoin:native Four-Year Cycle Series (47)

LTH capitulation gets more intense with each cycle ┌── On-Chain Data Details ──┐ The lower indicator in the chart represents the LTH Realized Loss subcomponent of the BTC: Relative Long/Short-Term Holder Realized Profit/Loss to Exchanges metric. LTH Realized Loss (exchange inflow portion) refers to: the total loss realized (usually calculated in USD) when long-term holders (LTH, holding for ≥ approximately 155 days) transfer BTC to exchanges at a price below their cost basis. This metric primarily reflects: the scale of long-term holders ("strong hands") depositing BTC to exchanges in a loss-making state, preparing to sell. Higher values often indicate strong capitulation selling pressure near market bottoms.