Yonsei_dent
<Traces of change of hands from LTH to STH by Exchange Inflow SOAB>
As soon as BTC breached the $51k mark on the 14th, 5,153 BTC from the 6m-12m age bandđ were inflowed into exchanges. This cohort, having accumulated BTC during the recovery period of 2023 within the $20k~$32k range, appears to be moving towards realizing its profits. The exchange inflow volume for the 3y-5y cohort⍠temporarily reached 2,123 BTC, comprising investors who had acquired their assets during the bull run from 2019 to 2021. Considering that the BTC price was at $48k on February 14, 2021, it seems that a portion of the 3y-5y cohort investors may have exited the market at their break-even point. Such an influx of LTH (Long-Term Holder) assets into exchanges can be interpreted as a sign of the transition from LTH to STH (Short-Term Holder), often accompanied by short-term price corrections. However, compared to the LTH Exchange Inflow in previous cycles, this scale is relatively small.