Long-term bitcoin holders have sold more than 400,000 bitcoin over the last 30-days, representing almost 2% of the total supply.
Bitcoin is in a material supply distribution phase and the price is still holding strong above $100,000.
Thread
Login to reply
Replies ()
Should this say sold, or moved on chain... Big difference.
This has always been a shortcoming of on chain analytics obviously, but it rarely gets discussed.
Paper Bitcoin or real onchain Bitcoin?
I think it's more like transferring not actually selling. 400k is indeed a huge number but 1 Bitcoin in cold storage of a pleb equals 1 Bitcoin in Black rock possession.
What a Fucking mess we are in at the moment!! Nobody has a f clues as to what is going on!!