TREE NEWS reports: Only 4.4% of bitcoin held for 6-12 months flowed to exchanges over the past 30 days, down from 40.4% in mid-June, analyst IT Tech said. These coins were mainly bought near or after the 2025 top. Monthly movement stayed between 144,000 and 216,500 BTC, but the share sent to exchanges fell to 30.9% in mid-July, 9.8% in mid-August, 9.8% in mid-September and 4.4% in mid-October, suggesting high-level buyers have largely stopped selling.
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.
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