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Zeeeshu
glassnode says the 2025 rally buyers are dumping harder than anyone else this year.two cohorts sit underwater
1-2 year buyers average cost basis ~97k
6-12 month buyers average cost basis ~89k.btc
one group needs about 5% just to break even
the other needs about 15% and those 2025 rally bags are moving the most coins per day of any point in 2026.the people who bought the decline
are not selling. the supply is concentrated
one underwater cohort carrying the tape
not the whole holder
#DailyOrbit
