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7y-10y bitcoin holders are selling

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Spent Output 7y-10y is a band in the indicator called Spent Output Age Bands, which measures Bitcoin's age and market activity. This band represents the use of Bitcoins aged between 7 and 10 years. Looking at historical data, increases in the Spent Output 7y-10y section have occasionally led to decreases in Bitcoin price.
They are selling their BTC for Ethereum thats why.
Yeah, just now 9.3 year sleeping 6071 BTC wallet just did a transaction:)
(Apr 20, 2023 05:14 AM)shreder Wrote:  They are selling their BTC for Ethereum thats why.

Seeing something like this makes me regret not selling my doge when it was at its highest.
I made the mistake of waiting it out believing it would get a bit higher.
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(Apr 20, 2023 05:14 AM)shreder Wrote:  They are selling their BTC for Ethereum thats why.

Nobody doing that idiotic thing, hopefully.


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