LTH spending spike: Long-term holders (LTH) sold off 97k BTC on Friday, representing the largest one-day LTH move this year. This sell-off was concentrated in 1–2 year old holders, 6–12 month old holders, and 3–5 year old holders, which represent a key source of recent supply.
Price action: BTC is consolidating near $108–$110K, facing resistance at $111.6K / $113.6K and support at $107.4K. Heavy liquidations clustered around ~$109.5K last week.
Macro & geo risk: Escalation in Israel/Gaza and renewed Russia–Ukraine energy strikes raise risk premium, which could result in headline-sensitive volatility.
Action bias: Reduce leverage, favor staggered entries and defensive sizing; watch whether BTC holds $107.4K and whether ETF flows resume after Labour Day to absorb long-term holders selling.
Asia-Pacific volumes rose about 20% year on year, helping push OKX’s regulated market trading up 53x as user wallets and onchain activity expanded sharply.
The leading cryptocurrency rallies on renewed institutional interest and bullish indicators, though Venezuela's massive alleged Bitcoin reserves loom as a potential market wildcard.
