Bitcoin holders who bought 6 to 12 months ago now send far less of their moved coins to exchanges. The share fell to 4.4% from 40.4% in mid-June, according to CryptoQuant data. The analysis suggests sell pressure from this group may ease, but flags the lack of fresh buying demand.
Bitcoin holders who bought in the last 6 to 12 months have mostly stopped sending coins to exchanges. Only 4.4% of the Bitcoin they moved recently landed on a trading platform, down from 40.4% in mid-June.
The analysis comes from IT Tech, a contributor who used on-chain data from CryptoQuant. It was published through CryptoQuant's QuickTake platform, and its numbers point to reduced selling pressure from a group of investors who usually react quickly to price swings.
Coins keep moving, but not toward exchanges
The metric tracks Bitcoin aged 6 to 12 months that moved in the past 30 days, then asks how much of that supply went to an exchange. By mid-October, the share had fallen to 4.4% from 40.4% in mid-June.
Total movement did not shrink. Monthly movement for this group fluctuated between approximately 143,700 and 216,500 BTC over the period. The most recent reading showed about 205,400 BTC moving, up from 157,700 BTC earlier in the season.
The difference lies in where the coins end up. Exchange-bound amounts fell from 63.8K BTC in June to 9.1K BTC by October.
Holders prefer to keep their coins
According to the analysis, many in this cohort bought their Bitcoin near or after the peak price in 2025. The analysis frames their current behavior as a preference to hold onto their assets rather than cash out for profit at this time.
With fewer mid-term coins flowing toward exchanges, the analysis suggests immediate selling pressure from this group may ease. It also points to a possible stabilizing effect, since fewer coins available to traders could potentially reduce volatility in the near term.
Missing buyers remain the concern
But the analysis flags the absence of fresh buying demand. Significant price moves typically require new money coming in, and fewer sellers can slow a decline without, by itself, pushing prices higher.
The analysis names three things to watch. First, whether the 4.4% figure holds, since a jump back toward June levels would put renewed sell pressure on the market.
Second, total movement volume, which at about 205,400 BTC sits near the top of its recent range. Third, demand-side signals, because without new capital entering the market, lower selling pressure may simply translate into a flat market.
Source: Crypto Briefing
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