Bitcoin saw a massive increase of activity among long-term investors and whales; are they selling?
A closer look at the data shows interesting patterns when breaking down long-term holder spending by age cohort. The group of holders that have held Bitcoin for a period between 6 months to 12 months appears to be the most active in terms of spending. Their transaction volume is three times that of all other long-term holder cohorts, those who have held Bitcoin for a year or more.
Delving deeper into the transaction patterns of the 6-month to 12-month holder group, we find that 92% of their potential acquisition days are currently profitable relative to the current Bitcoin spot price.
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