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Mark Cuban has sold out. On the same day, long-term holders are adding to their positions.
Bitcoin at $77,300, honestly, the market hasn't shown much movement.
But yesterday, two signals hit: Mark Cuban publicly admitted to selling most of his BTC, saying he was disappointed with the risk-avoidance narrative.
What's interesting isn't that he sold, but that he waited until now to sell.
On the same day, on-chain data showed—long-term holders are holding 16.3 million BTC, approaching a record high.
One person is selling, a group is buying.
Next Friday, May 29th, $6 billion in options will expire, with the biggest pain point at $75k, and large funds betting on a rise at $82k.
Over the weekend, a likely consolidation with reduced volume, but next week's expiration settlement won't be quiet.
The process of money shifting from weak hands to strong hands always happens when no one is paying attention.