Definition ∞ Veteran Holder Distribution refers to the analysis of how long-term cryptocurrency holders, specifically those who have held assets for extended periods, are moving or retaining their digital assets. This on-chain metric provides insights into the conviction and behavior of experienced market participants. A shift in this distribution can indicate significant changes in market sentiment or potential supply shocks. It helps to gauge the stability and maturity of an asset’s holder base.
Context ∞ This specialized on-chain metric is frequently examined by analysts to understand the actions of the most resilient market participants. News reports often reference Veteran Holder Distribution when discussing Bitcoin’s supply dynamics or anticipating major market shifts. The ongoing analysis involves interpreting these movements to predict future price trends and overall market stability.