Bitcoin holders who bought in the last 6 to 12 months have drastically reduced their transfers to exchanges, with the share of their moving supply sent to trading platforms dropping from 40.4% in June to 4.4% by mid-October. Total volume of coins moved by this cohort stayed relatively steady at around 205,400 BTC recently, while exchange-bound amounts fell from 63,800 BTC in June to just 9,100 BTC in October. The trend suggests reduced short-term selling pressure and a potentially stabilizing effect on the market. However, the absence of fresh buying demand could keep the market flat, as mid-term holders appear to be in a holding pattern rather than cashing out.
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