The people who bought $BTC Bitcoin near the 2025 top are the ones quietly dumping right now.
The 6-12 month cohort is underwater around $89k and the 1-2 year buyers are sitting at roughly $97k, and both groups are moving the most coins per day this year.
Meanwhile the ones who actually bought the decline are just holding.
Feels like distribution from the late buyers while the stronger hands stay quiet. $ETH

#BTC Price Analysis# #ETH