If you're still trading $BTC like the biggest holders are retail group chats, stop now.
The painful part is watching people FOMO the green candle after governments have already parked the supply. You do not get a clean exit when the bid you ignored was a seizure wallet, not a degen.
The U.S. leads with around 328,000 to 330,000 $BTC . China follows with about 190,000, and the UK sits on roughly 61,000. Stack that against the last cycle, when the whole argument was whether a public company buying a few thousand coins counted as adoption. These three balances dwarf that era, and they look a lot more like old gold-reserve politics than like a competing L1 trying to buy mindshare. China spent years telling the market to leave and still kept a stash that would move $BTC for weeks if it ever actually hit an exchange.
Most of us spent that time refreshing funding rates. The states spent it not selling.
Do you treat these holdings as a real floor, or as coins that get auctioned the moment budgets get tight?
#Bitcoin #BTC #Crypto
The painful part is watching people FOMO the green candle after governments have already parked the supply. You do not get a clean exit when the bid you ignored was a seizure wallet, not a degen.
The U.S. leads with around 328,000 to 330,000 $BTC . China follows with about 190,000, and the UK sits on roughly 61,000. Stack that against the last cycle, when the whole argument was whether a public company buying a few thousand coins counted as adoption. These three balances dwarf that era, and they look a lot more like old gold-reserve politics than like a competing L1 trying to buy mindshare. China spent years telling the market to leave and still kept a stash that would move $BTC for weeks if it ever actually hit an exchange.
Most of us spent that time refreshing funding rates. The states spent it not selling.
Do you treat these holdings as a real floor, or as coins that get auctioned the moment budgets get tight?
#Bitcoin #BTC #Crypto