Slang term in cryptocurrency markets referring to a holding or position in a particular digital asset. A trader's bags represent the tokens or coins they currently hold in their portfolio, and the term is especially common when discussing positions that have been held for an extended period. The word can carry a neutral or slightly negative connotation depending on whether the position is profitable or underwater.
Example
“After the altcoin rally, the trader finally offloaded some of her ETH bags that she had been holding since 2022.”