Older Bitcoin holders are showing signs of selling exhaustion after leading the recent sell-off that caused BTC's correction.
The three-to-five-year Bitcoin holder cohort is slowing down their BTC sales, which is considered a positive indicator for bitcoin's price trajectory in the near future.
These older investors had a notable spike in spending, with their aggregate volume reaching $4.02 billion, led by the three-year to five-year age cohort.
While showing signs of fatigue in selling, the older Bitcoin holders are expected to resume selling when BTC reaches higher prices, indicating a potential resistance during the next surge.