Glassnode: Bitcoin Long-Term Holders Have Shifted To Distribution Recently

Data released by Glassnode suggests Bitcoin long-term holder behavior has shifted from accumulation to distribution recently.
Bitcoin Long-Term Holders Have Shed 222k Coins Off Their Stack Since May
As per a new report from Glassnode, the BTC long-term holders have been spending up to 47k BTC per month in recent days.
The “long-term holders” (or LTH in short) refer to the cohort of Bitcoin investors that have been holding onto their coins since at least 155 days ago, without selling