In case you didn’t notice, bitcoin (BTC) has been languishing in extreme fear territory for a staggering 46 days. Yep, the Crypto Fear and Greed Index is sitting pretty between 8 and 12, which feels a bit like being stuck in an elevator with a group of people who forgot to apply deodorant. Nevertheless, whale wallets have been on a shopping spree, snapping up 270,000 BTC over the past month-the biggest buying binge since 2013. Meanwhile, exchange reserves are plummeting to levels not seen since December 2017 at a cozy 2.21 million BTC. Those on-chain signals suggest that long-term holders are doing their best to absorb all the panic selling from short-term traders and tax-driven exits. Talk about being the adult in the room!