According to @caprioleio, early Bitcoin holders have resumed selling, indicating renewed distribution by OG cohorts that may matter for near-term BTC market structure. Source: @caprioleio on X, Jan 11, 2026. Traders can confirm and gauge magnitude by monitoring three on-chain signals: Spent Output Age Bands for old-coin spending, Long-Term Holder SOPR for long-term holder realization behavior, and BTC exchange inflows to spot venues for potential sell-side supply. Source: Glassnode metrics documentation and dashboards. The post did not quantify size or timing of the selling, so traders should seek on-chain confirmation before adjusting positioning or leverage. Sources: @caprioleio on X, Jan 11, 2026; Glassnode metrics suite.

According to @glassnode, since late August ETH pulled back from a new peak while 3-10 year holders increased their average daily spending to more than 45,000 ETH per day on a 90-day SMA basis, the highest level by seasoned investors since February 2021, source: Glassnode on X Nov 14, 2025, glassno.de/49TYFoV. For trading context, Glassnode defines this metric via Spent Output Age Bands where older coin spending reflects long-term holder distribution and increased supply returning on-chain, source: Glassnode Academy and Glassnode on X Nov 14, 2025, glassno.de/49TYFoV.