This chart is wild. This is the 1 month change in Long Term Holders Realized Cap expressed in USD.

It's because of a lot of coins moved towards ETF custodian wallets 5 months ago. Those coins are now maturing from STH to LTH coins. Those coins have an USD value of almost 70 billion dollars.

h/t nostr:npub1jagmm3x39lmwfnrtvxcs9ac7g300y3dusv9lgzhk2e4x5frpxlrqa73v44