During BTC corrections, the platform highlighted that long-term holders typically halt their distribution and slowly go into accumulation mode. However, the current trend is shifting away from this dynamic as selling pressure from the cohort is not fading.
The development indicates increasing pressure on the network as a whole, especially among investors who entered close to recent highs. A steady increase in BTC supply in loss puts the market in a more precarious state, which might influence the asset’s next major move.
However, Darkfost noted that this kind of increase in unrealized loss levels during a bullish trend has historically created strong buying opportunities. According to the expert, this is the moment when the famous change of hands narrative, which is highly discussed in the sector, often takes place.
