@minchow
THE BIGGEST BITCOIN SELLERS JUST STOPPED SELLING
$BTC long-term holders have flipped back to net accumulation after months of heavy distribution.
This was the largest sell-side pressure from LTHs since 2019 -- and it just eased.
When long-term holders stop feeding supply into the market, downside pressure fades and volatility compresses. Price doesn’t rip immediately… but the floor starts forming.
Meanwhile:
- ETFs are still absorbing supply
- Treasury firms keep adding on dips
- Retail is mostly sidelined
- Fear is still elevated
That combo usually doesn’t show up at tops. Markets turn when sellers disappear, not when buyers get loud.
📸 Matthew Sigel / James Van Straten
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