🚨 $BTC

holders are quietly proving why they’re the backbone of every cycle.

Over the past year, the 5–7 year cohort’s Realized Cap dropped from ~$14.9B → ~$8.5B.

But here’s the catch, this isn’t because they sold. Almost all of it simply aged into the 7y+ bands.

That means coins bought back in 2017–2019 haven’t moved... they’ve just been sitting, untouched, for years.

These aren’t weak hands, they’re battle tested long term holders who’ve survived multiple halvings, crashes, FUD waves, and blow-off tops.

The persistence of these holders is what sets Bitcoin apart from every other asset. Stocks have churn.

Altcoins die out. But Bitcoin keeps consolidating into the hands of investors who refuse to sell, no matter the price.

This silent migration of supply into older age bands is the strongest sign of conviction you’ll ever see onchain.

And it tells us one thing: the true floor of this market is much stronger than most realize.