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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Benking 1mo ago

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?

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