Only 4.4% of 6-12 Month BTC Moved to Exchanges in Past 30 Days

The collapse in exchange inflows from this 6-12 month cohort points to a shift in behaviour among buyers who entered near the 2025 top: coins that were moving at a brisk pace in mid-June are now largely sitting still, which reads as seller exhaustion rather than fresh conviction. The steady monthly movement range alongside a falling exchange share suggests holders are repositioning internally rather than preparing to exit. What matters is whether this dormancy persists or reverses if price action tests those buyers' entry levels; that, not the headline percentage, is the open question.