Important to focus on the 1 to 3 month, 3 to 6 month, and 6 to 12 month #BTC cohorts for the next few months. As these groups age, their cost basis will start pushing into the 30k to 40k accumulation zones. 6 to 12 month cohort is #HODLing strong. 
Good to see 1 to 3 month cohort starting to increase as the buyers added between 30k to 48k. 3 to 6 month is slowly aging into the 30k to 40k, still capturing 50k to 64.8k areas. Important to see this group hold steady in the next few months.
Distribution from coins significantly older than 12 months is expected as price increases, especially if #BTC makes new all time highs. LTHs and Miners are expected to distribute as prices increases. Will be watching the rate of distribution especially if price goes parabolic.
The #BTC rally is only getting started. There will be shake outs on the way. Overall trend in fundamentals and Onchain remains #bullish. Bears will eventually capitulate and FOMO in at higher prices.
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