"Old" Coins Volume Is Incredibly (Noticible) Silent Today As We Test $74k.
 | We’re testing $74k, and the most interesting thing isn't the price... it's who isn't active. I pulled the latest UTXO age band data from my node for the last 12 hours of trading. The breakdown is staggering: 97% of all BTC spent was less than a month old. Meanwhile, look at the very "Old" coins:
The "old hands" are essentially silent, leaving the price action to be driven almost entirely by short-term churn and new entrants. This is what a growing supply squeeze looks like in real-time. [link] [comments] |
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