#On-chain metrics analysis of
$BTC BTC: LTH spending price below water level
Compare the current price of Bitcoin with the average purchase cost of the tokens actually spent by long-term holders to observe loss-making sell-offs, deep capitulation, and price recovery windows.
Current indicator data details:
Long-term holder spending status: Deep underwater
The current BTC price is $62,706.
The LTH cost $76,434.
The current price is lower than the cost of $13,727.
Ratio 0.8204.
The underwater phase has now lasted 83 days.
The current price remains below the cost of LTH.
This means that long-term