Bitcoin holders in the 3–5 year age band predominantly represent participants who entered the market during the 2021 cycle. Although this cohort is often classified as long-term holders (LTHs), a more precise definition of true LTHs would be those who have experienced at least two full market cycles.
In the current cycle, the 3–5 year cohort has exhibited behavior more akin to relatively inexperienced investors. Rather than realizing gains at local market peaks—actions that typically contribute to price corrections—these holders have shown a stronger tendency to capitulate during market drawdowns. Historically, such capitulation events by this group have often been followed by sharp price rebounds.
Written by CoinCare
