Look at Spent Output Age Bands calmly to consider the sell-off behavior and further predict the volatility level. 

Look-at-Spent-Output-Age-Bands-calmly-to-consider-the-sell-off-behavior-and-furt

Yesterday, we witnessed a whirlwind over the entire market.

SP 500 index declines more crucial than at the beginning of the year and has recorded a new bottom. Meanwhile, BTC is better as it holds a higher price than the January drop.

So, we need to look at Spent Output Age Bands calmly to consider the sell-off behavior and further predict the volatility level.

1/ For young coins from 1 day to less than six months, this age group is equivalent to short-term holders still dominating sell-off behavior, with more than 60K coins recorded yesterday. However, the density is not as dense as earlier this year.

2/ The age group from more than six months to 1.5 years, although there is a distribution at the end of April, and it is not significant compared to January's.

3/ The age group is from 1.5 years old getting similar acts in minimal numbers.

Therefore, there is still no concrete evidence for the capitulation of important cohorts that are long-term holders.