@kjhggfghf
On-chain data suggests a mix of early miners, long-term holders, and possibly exchange-related wallets. Motives could include portfolio diversification, profit-taking near resistance, or funding obligations. Some speculate it was tied to over-the-counter (OTC) transfers misinterpreted as market sales. The sheer scale indicates institutional or legacy whales rather than retail. The sale’s purpose likely combined de-risking with strategic positioning ahead of Fed decisions.
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