Are People Buying or Selling?
Updated 16 hours ago
THE MASTER READ
It's a split picture — Long-held coins are staying put, but miners are selling down their stash.
- ETFs pulled about 30K BTC over the past month.
- Long-held coins are staying put (not selling).
What warns of selling
- Miners drew down reserves — selling more than they mined this month.
- About 36K BTC moved onto exchanges over the past month — likely to be sold.
Bottom line: Mixed picture across groups — not panic, but worth watching.
What changed this week
- Exchange pressure roseAbout 36K BTC moved onto exchanges over the past month.
- ETFs pulled backFunds pulled about 30K BTC over the past month.
- Patient holders strengthenedThe one-year-plus share rose 0.8 points this month.
- Recent buyers thinned outThe under-one-year share fell 0.8 points this month.
- Miners weakenedMiners drew down reserves — selling more than they mined this month.
The age mapSee the full age map →
Fresh 5.9%
<1mo
Recent 33.5%
1mo–1yr
Patient 27.5%
1–5yr
Ancient 33.1%
5yr+
Most of Bitcoin is sitting in patient hands — only a small share has moved recently.