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Mark Cuban has sold out. On the same day, long-term holders added to their positions.
Bitcoin at $77,300—honestly, there’s not much movement on the order book. But yesterday, I saw two signals: Mark Cuban publicly admitted he sold off most of his BTC, saying the risk-avoidance narrative disappointed him. What’s interesting isn’t that he sold—it’s that he waited until now to sell.
Right on the same day, an on-chain metric flashed: long-term holders’ holdings hit 16.3M BTC, nearing an all-time high.
One person is selling, and a crowd is picking up.
Next week, on May 29, $6B in options expire. The biggest pain point is at 75k, with large capital betting on a bullish move at 82k. Over the weekend, it’s likely consolidation with reduced volume, but next week’s expiration settlement won’t be quiet. The process of money moving from weak hands to strong hands always happens when nobody is paying attention.