962 BTC — That's the 90-day average of coins spent by Bitcoin holders who've held for five years or more, the lowest level since November 2024, per CryptoQuant. During the 2024-2025 bull cycle, these same OGs were dumping as much as 142,000 BTC in single-day sell-offs above $100K. Now they're sitting on their hands at $62K. The smartest money in the room has stopped selling.

Money Moves

• $170M in Ether Longs Liquidated — ETH tumbled 5% on Tuesday,...