In the immediate period after a coin is accumulated, the owner is likely to experience market volatility around their cost basis, creating a natural incentive to react. This effect generally lessens over both time and as price appreciates away from the cost basis. The degree of profit or loss realised by this cohort can an provide indication around aggregate sentiment for these new entrants. It can also provide insight on supply dynamics such as whether marginal buyers/sellers are holding, taking profits or panic selling.