@juanfornell
This chart is shocking and quite difficult for me to interpret.
Bitcoin OG whales are dumping after mass adoption has arrived, likely near a cycle top. That makes perfect sense — they’ve reached maximum gains, and historically this is the ideal moment to sell.
But BTC’s price isn’t plummeting — probably because institutions are buying. Whether that’s enough to sustain these levels and continue reducing volatility is something we’ll find out soon.
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