Very interesting..... The long-term holders of $BTC are, in fact, selling aggressively at these levels. Normally we see this kind of aggressive selling during strong bull markets, but this time it seems that long-term holders are actively reducing risk. Long-term holders are migrating to other sectors. Most likely AI, because this dynamic is definitely interesting. This could also mean that some long-term holders no longer see Bitcoin as offering the best RR compared to other opportunities, so they are reallocating capital. (I think this is nonsense, personally) Anyway, I remain optimistic. I’d rather see long-term holders capitulate now and distribute the supply among more holders.
Very interesting..... Long term $BTC holders are actually selling aggressively at these levels. We usually see this kind of aggressive selling during strong bull markets, but this time it seems like long term holders are actively de risking. Long term holders are rotating into other sectors. Most likely AI because this dynamic is definitely interesting. It could also mean some long-term holders no longer see Bitcoin offering the best RR compared to other opportunities, so they're reallocating capital. (I think that is BS personally) Either way, I'm still bullish. I'd rather see long term holders capitulate now and spread supply across more holders.
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