‼️Along with clueless newcomers looking for a quick buck, I am pretty sure many #Bitcoin OGs who bought thousands back in early days are offloading large portions to fund their lavish lifestyles. It does not hurt them since they still hold plenty, but their actions can move the market.

When whales make massive buys, they have to get it from somewhere. I believe that source is these early Bitcoin holders. You cannot really blame them; we are still transitioning out of fiat clown world.