Everyone Thought 210,000
$BTC Was Being Sold. The Real Story Was Very Different.
When I first saw headlines saying 210,000 BTC had left long-term wallets, I thought the same thing many traders did.
“Whales are selling.”
But after looking deeper into the on-chain data, that’s not what happened.
The blockchain tells a very different story.
Long-term holders are usually the strongest hands in Bitcoin.
These are wallets that haven’t moved their coins for at least 155 days. They rarely panic, and many people watch their activity to understand where the market could be heading.
Last week, their hold