Bitcoin HODLers Are Quietly Strengthening the Market Floor🔥
On chain data shows a notable shift in Bitcoin’s long term holder behavior since mid October. Realized prices across almost all UTXO age bands are trending upward except the 3 to 5 year cohort which remains mostly inactive.
What’s driving this? Long term HODLers are selling some of their lower cost coins to take profits. This raises the average cost realized price of the BTC they continue to hold. In other words medium and long term holders are collectively increasing their cost basis a healthy sign of capital rotation in the market.
The 3 to 5 year holders haven’t yet sold much indicating they aren’t tempted by current price levels. Meanwhile, the 12 to 18 month holders who previously distributed some of their holdings have now started raising their cost basis too signaling renewed accumulation.
Even after Bitcoin’s correction from $120K back to $90K the overall long term holding cost basis is rising. This reinforces the idea that the current market floor is strong and resilient.
Takeaway Profit taking by long term holders is normal but the rising cost basis shows confidence in Bitcoin’s value over time. The floor isn’t just holding it’s strengthening.
