A total of 8,511 BTC from the 3ā5 year age band has moved on-chain, marking the 22nd instance this year in which over 5,000 BTC from this specific cohort has been reactivated.
The transaction destroyed approximately 12.56 million Coin Days, contributing to an increase in the 90-day Coin Days Destroyed (CDD) metric. This trend reflects that, as price rises, older supply is increasingly being redistributedāpotentially to newer market participants.
In this case, the transfer appears to originate from Grayscale, which moved the BTC to newly generated addresses. It remains unclear how much of this volume has actually changed ownership, or whether it was an internal reshuffling. Grayscaleās ETF flows have occasionally been negative, and these movements may correspond with upcoming or recent outflows.
Make sure to set the alert, so you noticed when Long Term Supply is being distributed š
Written by maartunn
