When we look at the spent output by age range, it is clear that the largest volume of on-chain movements was derived from coins less than 1 week old.
In total, in the age ranges up to 1 day and 1 day to 1 week alone, more than US$ 5.2 billion was moved in a single hour.
When we delve deeper into the spending pattern, we had about US$ 850 million in loss realization in this downward movement.
However, only US$ 600 thousand were realized by LTHs. The rest was realized by short-term investors.
The largest volume is concentrated in investors up to 3 months old, indicating that the price drop is putting pressure on newcomers to capitulate.
Written by caueconomy
