bitcoin moved after sitting between two and three years
Coins bought a full cycle ago being sold. Movement here is real distribution, not trading, and it clusters in the last third of a bull market.
DefinitionValue of outputs spent whose age fell between two and three years. Age is real elapsed time off a monotonised block clock (the running maximum of block timestamps), not blocks divided by 144. The twelve bands sum to total spent output volume exactly.
LimitAge is per output, not per owner: consolidating coins or receiving change resets the clock on bitcoin nobody sold.