Prediction evidence

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 mid 84s 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 so the supply is concentrated one underwater cohort carrying the tape not the whole holder base every time price tags those cost bases the chart marks rejected we find out