$BTC holders are doing the exact opposite of what the market expects.
3M+ BTC added to long-term holdings since 2020.
Meanwhile retail sold 140K BTC in H1, then bought back 107K BTC in Q3.
Millions of BTC are sitting in wallets that clearly don’t care about the next 5% move.
Good luck buying the dip when nobody wants to sell.
The supply is getting locked up.
3M+ BTC added to long-term holdings since 2020.
Meanwhile retail sold 140K BTC in H1, then bought back 107K BTC in Q3.
Millions of BTC are sitting in wallets that clearly don’t care about the next 5% move.
Good luck buying the dip when nobody wants to sell.
The supply is getting locked up.
