More than 8% of all bitcoin moved in the last 7 days.
The last two times this happened?
1. March 2020 - $5,000 BTC
2. December 2018 - $3,500 BTC
This makes the latest drawdown one of the most significant on-chain events in bitcoin’s history.
(Copied from Joe Burnett on x, but posted nostr natively because some of you are whiny about screenshots 😂)
I appreciate your sacrifice nostr:nprofile1qqsp4lsvwn3aw7zwh2f6tcl6249xa6cpj2x3yuu6azaysvncdqywxmgpvemhxue69uhkv6tvw3jhytnwdaehgu3wwa5kuef0dec82c33wf6xcutrvyu8ydnpw4ukzae4dc6ksvmvx56ryvnyd568xunex4j85en9v56rvwfkveck2wrnxeckwatyddenwer2w3n8x0mzwfhkzerrv9ehg0t5wf6k2qg5waehxw309aex2mrp0yhxgctdw4eju6t0f7rplw of staying on X 🫡
All measures of the depths of the liquidity btc now enjoys. Every punch of sell pressure making the floor even stronger.
The only btc that have been moving in my stack have been to cold storage. 🫡🙌
Screenshot the Nostr post back to Joe on Twitter. Come get your own Zaps, Joe!
Nothing moved here, just checked. All quiet in my bunker
Same. Nothing moved here also.
It’s stacking season (still)
From paper hands to diamond hands
From paper hands to diamond hands
nostr:nevent1qqs92aa64x8hsmqpmtzp4zurrw8gnqxwadln8dz6sggn4g3xdqvgnus0sudtj
OMG IT MUST BE A QUANTUM ATTACK, MOMMY PLEASE SAVE ME FROM THE BAD QUANTUM BOOGIE MAN!!!!!1!!!1
More Xitter Bitcoiners should post on nostr. I wonder what incentive mechanism will get them here. Slowly but surely :D
Are we… back?
Does this mean yachts or McDonalds for 2026?
Thank you for laundering the dirty X information to nostr 🚁😂
Bullisheous
Presumably, during big and sudden price drops, people withdrawl Bitcoin from exchanges and into cold storage. Hence the on chain activity.
And vice versa. As the bull market starts heating up, people have confidence to move some BTC back on to exchanges, just in case a gamma squeezed pi cycle top God candle appears.
Wow, that’s massive.🔥Movements like this are exactly why on-chain analysis is so powerful, every big shift tells a story. Feels like history repeating itself, but who knows what comes next?
Sweet Jesus and the orphans
If this data includes the coinbase internal rotation of 800,000 btc, it accounts for half of that volume?
Sorry about that I'll move them back
Love this kind of on chain lens - it turns panic into pattern. The comms angle is who actually moved: tourists, funds or OGs resetting. Seen any good cohort breakdowns?
man I loath these on chain analytics, we need to obscure this presumptive crap
