Bitcoin LTH Supply Activity Continues To Rise — Further Downside For Price?

Bitcoin's long-term holder supply activity continues rising, with on-chain analyst Boris warning this pattern typically precedes further downside price movements. Despite current support around $60,000-$62,000, the analyst suggests this may be a liquidity generation zone within a broader distribution phase, pointing to potential downward movement toward year-end.

• →Long-term holder Active Supply Ratio is rising, indicating increased activity that historically precedes major price movements.
• →Bitcoin has declined from around $95,000 to near $60,000 since the current LTH activity increase began.
• →The $60,000-$62,000 support zone may be acting as a liquidity generation area within a redistribution phase.
• →On-chain analyst Boris suggests downward price movements toward year-end are the more probable scenario.
• →Any near-term upward movements are likely to represent liquidity illusions within the broader distribution phase.