Definition ∞ Aging Supply refers to cryptocurrency holdings that have remained unmoved in their wallet addresses for an extended period. This metric indicates long-term holder conviction and a reduction in immediate selling pressure. Such supply often suggests a decreasing circulating supply available for active trading. A higher proportion of aging supply can signal market maturity and investor confidence.
Context ∞ Discussions around aging supply frequently appear in analyses predicting market bottoms or sustained upward trends for digital assets. Observers watch for changes in this metric as an indicator of shifts in investor behavior and potential supply shocks. Its movement provides data for assessing market liquidity and future price movements.