Today ~99.5% of BTC movement came from coins held less than 1 year

Timeframe is the last 24 hours (up to ~7:12 pm EST / 00:12 GMT).
The chart includes every on-chain transaction in that window.

• Each bar shows BTC spent by coin age band (UTXO age at spend).
• PnL is realized profit/loss vs the price when each UTXO was first created.
• The pie on the right shows total realized profit vs loss for the day.

Key takeaways from today’s data:

• ~99.5% of all BTC spent came from coins younger than 1 year.
• A chunk of 1–1.5y coins realized losses, but the overwhelming majority of capitulation is from short-term holders / “tourists” dumping recent buys.
• Old coins (1.5y+) barely moved. Long-term HODLers are still largely sitting tight and stacking.
• The 180-1yr crowd growing recently is pointing to loss harvesting before 2026 to assist tax advantages. It represented about 30% of the selling at a loss by volume but was disproportionalty smaller in terms of actual loss relative to coins moved (this makes sense as coins held that long are not as much in a loss as the shorter term entrants since summer).

This is a quick snapshot from my full-node dataset. I’ll post more breakdowns like this as I keep building out the tooling.