Why Bitcoin’s Rising HODL Cohorts Are a Bearish Signal This Time

Bitcoin faced renewed sell pressure on Tuesday, briefly dragging the price down to $62,700 after a 5% decline, as macro concerns continued to weigh on investor sentiment. New data suggest that BTC remains in a defensive phase as capital continues to exit the network and supply ages steadily without signs of renewed accumulation. Peak Buyers Now Frozen Realized Cap, which measures the aggregate value of all coins at t…