Glassnode just published this chart:
Net Whale Balance Decline of 255k BTC from exchanges since 30 May.
Largest on record.
Discussion
Can’t wait. Can we get past the we are still early. Lol.
“Here’s what Wall Street doesn’t understand about Bitcoiners… WE’RE PSYCHOPATHS!!!”
https://twitter.com/bitcoin200t/status/1635704383534153728?s=46&t=YytYV6sMPvcA7dhgFBQVjA
The shrimp gave their Bitcoins to the whales throughout this bearmarket.
The whales are already loaded. To keep in their safes for a season
Many people are gonna find out how scarce bitcoin really is #calmbeforethestorm
I really do think the coming bull market will exceed last cycle.
I have the same feeling.
Probably nothing 🤷♂️
we are so close preston! #hyperbitcoinization sooner than expected😎🤩
From exchanges…
Yikes! Either they know something I don't know, or once this selling pressure is complete, price will go nuts! I'm equally nervous and excited about the "largest whale distribution in hx".
Oh geez. I misread this chart. This is whales taking self-custody, reducing BTC supply for sale, not selling pressure. What a dummy, lol!