Recent data suggests that long-term holders, a group known for their stability in the crypto market, are signaling a possible shift in Bitcoin’s trajectory. The 1+ year HODL line, tracking the percentage of Bitcoin held by wallets inactive for over a year, is falling from its peak levels. This pattern has marked previous cycle tops and suggests potential exhaustion in the current bullish trend. As coins held for over a year are being sold, experienced investors believe that Bitcoin might be nearing its peak. 2013, 2017, and 2021 saw similar patterns emerge before significant downturns. This historical insight emphasizes the importance of long-term holder behavior in predicting market cycles.