Bitcoin Supply Is Tightening and the Coinbase Premium Is Compressing: The Structure Is Shifting Beneath the Surface
CryptoQuant data from Adler Insight shows Bitcoin’s Age Concentration index rising while Age Distribution Entropy declines, indicating coins are moving less frequently and concentrating in older holding bands, while the Coinbase Premium Index has compressed from its most negative reading of the year toward near-zero, suggesting selling pressure is losing its ability to force price lower. What the HODL Structure Chart Shows The first chart covers January 2025 through March 2026, tracking Bitcoin price in white against multiple HODL and flow metrics. The Age Concentration index, shown in blue and measured on the right axis, is the most significant line on the chart for the current analysis. Through January and February 2025, the blue Age Concentration line sat near 0
BTC
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