2023-4-20 14:16 |
Quick Take Spent volume lifespan is defined as the total transfer volume of coins last active between five-years and 10-years ago. Recently, we have seen a lot of sell pressure coming from ancient holders — who have held Bitcoin (BTC) for longer than five years. Most notably, five to seven-year holders — since the SVB collapse back in March — have been selling at an elevated rate especially compared to last year. These holders were spooked by events such as the FTX and Luna in 2022. These can be seen as capitulation events. Spent Volume: (Source: Glassnode) Spent Volume: (Source: Glassnode)
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