As a rule of thumb the longer a coin is sitting in someone's wallet the less likely it is to be spent on emotions.
In fact, we've conducted a statistical study revealing that ~139d age mark is a point at which the coin holder's probability of spending reduces dramatically.
The holder behaviour changes so that from around this age mark she can be considered part of a 'smart money' group. There is a +/- 20d gradient around the 139d mark to take into account a smooth transitioning of holders from the STH to the LTH group.
Refer to this tweet for more information about the study:
The holder behaviour changes so that from around this age mark she can be considered part of a 'smart money' group. There is a +/- 20d gradient around the 139d mark to take into account a smooth transitioning of holders from the STH to the LTH group.
Refer to this tweet for more information about the study:
A study on short term vs long term #Bitcoin holders delineation👇
— Bull From The Sea (@bullfromsea) January 30, 2022
Many know Glassnode defines a coin age of 155d as a cutoff point between STH and LTH. I attempted to validate this number with my own research. pic.twitter.com/Mj0YUSK8vI