Bitcoin 3–5 Year Holders Slow Selloff—Waiting for Higher Prices?
Summary
Veteran Bitcoin investors, specifically those holding for 3 to 5 years, have shown signs of exhaustion but still control 11.9% of Bitcoin's supply. The Realized Cap for this group peaked at 15.7% in November before a selloff began, with selling pausing in January and resuming in April. Recent trends indicate that selling may have reached exhaustion again. Despite this, the significant holding by these investors suggests they may wait for higher prices before distributing their assets, potentially creating resistance in a continuing bull run. As of now, Bitcoin is trading at approximately $105,800, reflecting a decline of over 3% in the past week.
