Oil hit $167.

Fed held rates.
$BTC dropped 4%.
But whales bought the dip.
Here's what on-chain is showing right now 🧵👇
Wallets holding 1,000–10,000 BTC have been
accumulating since Feb 25.
Holdings rose from 4.222M → 4.230M BTC.
They didn't stop during the FOMC dump.
They didn't stop when oil hit $167.
That's called conviction 💪🏼
Long-term holders (365+ days) nearly stopped selling.
Net position change:
Feb 5: −243,737 BTC
Mar 1: −31,967 BTC
That's an 87% drop in selling pressure.
Every cycle, when LTH stop selling — price stabilizes.
We're there.
Miner capitulation is also ending.
Peak selling: −4,718 BTC/day (Feb 8)
Now: −837 BTC/day
Miners were bleeding at $68K.
At $71K — they're holding.
That's a nice shift.
Here's what this combination means:
→ LTH stopped selling ✅
→ Whales accumulating ✅
→ Miners holding ✅
→ BTC survived oil shock ✅
→ BTC survived FOMC ✅
The chart looks scary.
The data doesn't.
On-chain doesn't lie.
Whale wallets are the signal.
Although I still dont think it hit the bear bottom.
What's YOUR bear bottom target?
Drop it below 👇
Repost if this helped 🔁