Just caught some interesting flow data - looks like major Bitcoin holders have been dumping over 100 million in BTC lately. The timing is pretty telling though. With the Fed staying hawkish and basically denting all those rate cut hopes everyone was holding onto, it seems like some of the OGs are taking it as a signal to cash out. Makes sense, right? When monetary policy tightens, risk assets usually catch some pressure. Been watching the on-chain movements and it's pretty clear there's been some serious selling pressure from larger addresses. Not sure if this is capitulation or just smart money rotating out before things get worse, but either way it's a reminder that macro conditions still move the market more than we'd like to admit.