Bitcoin holders who bought 6 to 12 months ago have almost stopped sending coins to exchanges. The share of their transfers that went to exchanges fell from 40.4% in mid-June to just 4.4% in mid-October, according to CryptoQuant. These coins largely come from buyers near or after the 2025 top. The total amount of Bitcoin this group is moving has not dropped. It stayed between roughly 144K and 217K $BTC per 30-day window, and the latest reading was actually higher than June. Only the destination changed. Exchange-bound volume from this cohort fell from about 63.8K BTC in June to 9.1K $BTC by October. That removes a source of potential selling pressure from a group that has often reacted quickly to price moves. Lower exchange transfers from these holders reduce near-term supply pressure. It does not guarantee a price rise. The market still needs fresh buyers to push higher, and that demand has not yet shown up in size. The coins are moving less often onto exchanges, but they are still moving. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# #Macro Insights# $ETH