@frankkinova

Long-term Bitcoin holders have sold close to 1 million BTC in the last 30 days, which is the highest level ever. In past cycles, this kind of selling usually shows up when the market is already deep into a bull run, and early buyers start booking profits instead of adding more risk. At the same time, Bitcoin sharks have bought 269,822 BTC during the same period, the biggest accumulation seen in 13 years. This tells us that while older holders are taking money off the table, new large players are stepping in confidently and buying at these price levels. When both things happen together, it usually means the market is changing hands, not breaking down. Bitcoin appears to be in a late-bull transition phase, where volatility picks up, leadership rotates from early holders to new strong hands, and price action becomes slower and more selective. This kind of phase usually comes with sharp moves in both directions, but it doesn’t mean the market has topped or a straight-line crash. Copied. Bitblaze

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