According to glassnode, recent data shows a significant shift in Bitcoin coin age distribution, with coins less than 1 month old rising sharply to 76.9% in May 2025 versus 44.6% in December 2024, while coins older than 6 months have dropped to 13.4% from 24.7% during the same period (source: glassnode, May 22, 2025). This reduction in older coin activity signals increased long-term holding behavior among investors, which may decrease immediate sell pressure and potentially support higher Bitcoin prices. Traders should monitor these on-chain trends as they reflect changing market sentiment and possible impacts on both spot and derivatives markets.