Bitcoin’s Blazing Gambit: Will It Crash or Cash In? Find Out! 🚀💸
This week, the whales decided to flash their fins-selling off with the gusto of auctioneers at a country fair, dragging BTC from a lofty $115K down to the sullen lows of $112K. Volume sky-rocketed from a modest $20 billion to over $66 billion-what a display! It seems our large investors, or should I say, the “big fish”, are cashing in their chips. On-chain gossip suggests that wallets holding over 10,000 BTC are in full-blown distribution mode, waving goodbye to their long-term holdings as if they’re leaving a bad date. The supply of these massive holdings has shrunk from 70% to 60% recently-and the long-timers are shedding more than a few crocodile tears. It’s basically “Sell, darling, sell!” on a massive scale. 🎩🐋