Bitcoin 3-5 Year Holders Show Signs of Exhaustion but Remain a Key Resistance

The long-term Bitcoin investors aged 3 to 5 years have slowed their selling activity recently, indicating signs of exhaustion but still holding a substantial 11.9% of the total supply. This group experienced a peak in realized capital share at 15.7% in November before beginning a notable sell-off, which paused in January and resumed in April, yet may now be nearing another point of exhaustion. Despite the recent sideways movement, these investors potentially remain a significant resistance force, waiting for higher prices before re-entering the market.