Bitcoin mid-term holders slash exchange transfers to 4.4% from 40.4% in June

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. The numbers point to reduced selling pressure from a group of investors who usually react quickly to price swings. What the on-chain data shows The metric looks at Bitcoin aged 6 to 12 months that moved in the past 30 days, then asks how much of that moving supply went to an exchange. In mid-June, the answer was 40.4%. By mid-October, it had fallen to 4.4%. The total amount of moving coins did not shrink, which matters. Monthly movement for this group stayed fairly steady, fluctuating 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. So these holders are actually shifting more coins than before, not fewer. The difference is where those coins end up. Exchange-bound amounts fell steadily, from 63.8K BTC in June to only 9.1K BT...