Supply dynamics shifting hard.
$BTC held <2 years: 10.27M (51.2%)
$BTC held ≥2 years: 9.80M (48.8%)
Nearly half the supply is locked up by long-term holders. When weak hands flush out and this ratio flips harder toward old coins, that's when supply shock narratives kick in.
HODL gang still controls the float. Watch for accumulation zones.
$BTC held <2 years: 10.27M (51.2%)
$BTC held ≥2 years: 9.80M (48.8%)
Nearly half the supply is locked up by long-term holders. When weak hands flush out and this ratio flips harder toward old coins, that's when supply shock narratives kick in.
HODL gang still controls the float. Watch for accumulation zones.