Replying to Avatar HODL

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 😂)
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Dug 1mo ago

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. 🫡🙌

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