CryptoOnchain2023-09-05

Increased sales by long-term holders

On-chain data shows that Bitcoin sales have increased by long-term holders. The spent output ageband by holders of 7-10 years increased to 153 on August 27 and 342 on August 29. Holders of 3-5 years also moved to 118 Bitcoin. In addition, we can see that the spent output age bands are increasing for 1 to 3 M, 6 to 12 M, 12 to 18 M, 18 M to 2 Y, and 5 to 7 years.