Age bands, not mind-reading
A coin that hasn’t moved in 12 months might be lost, cold-stored, or patiently held. Dashboards apply heuristics; heuristics can drift in edge cases (custody sweeps, coin joins). Treat spikes as hypotheses.
Why LTH supply ATHs get attention
When a large share of supply sits with long-dated holders, markets sometimes interpret that as reduced near-term sell pressure. Historically, major regime changes coincided with varied LTH patterns — correlation is not a playbook.
Pair with flows
Combine holder stock metrics with exchange flows, miner treasuries, and derivatives positioning if you want a fuller picture. See also ETF flow context.
Past patterns do not obligate the future. Educational content only.