aged between 18 months and two years typically occurs as the price stabilizes before surging to reach a market bottom.
As the market cycle advances and Bitcoin’s valuation increases, these older holders begin to sell their coins, decreasing their overall holdings.UTXO age band of 18 months to 2 years. Conversely, the holdings of short-term Bitcoin holders, which are less than six months old, tend to increase after prices reach their lowest point and continue to rise alongside prices, which is the current state of affairs.
Based on Bitcoin holdings and other relevant metrics, on-chain data suggests that the price has reached its lowest point.
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