Bitcoin 3 to 5 Year Holders Retain 11.9% of Realized Cap

Recent on-chain data indicates that veteran Bitcoin investors, specifically those who have held their assets for 3 to 5 years, are showing signs of selling exhaustion but still possess 11.9% of Bitcoin's Realized Cap.

Key Points

Glassnode reports a trend in the Realized Cap of Bitcoin investors holding for 3 to 5 years.
The Realized Cap measures the total value based on the last transaction price of coins.
This cohort reached an all-time high share of 15.7% in November before starting a selloff.
Selling paused in January, resumed in April, and has recently shown signs of exhaustion.
Despite this, the group still controls a significant portion of Bitcoin's Realized Cap.
Investors may be waiting for higher prices, potentially impacting future market dynamics.

Current BTC Price

Bitcoin is trading at approximately $105,800, with a decline of over 3% in the past week.