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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 😂) image
2025-11-24 22:00:51 from 1 relay(s) 30 replies ↓
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I appreciate your sacrifice nostr:nprofile1qqsp4lsvwn3aw7zwh2f6tcl6249xa6cpj2x3yuu6azaysvncdqywxmgpvemhxue69uhkv6tvw3jhytnwdaehgu3wwa5kuef0dec82c33wf6xcutrvyu8ydnpw4ukzae4dc6ksvmvx56ryvnyd568xunex4j85en9v56rvwfkveck2wrnxeckwatyddenwer2w3n8x0mzwfhkzerrv9ehg0t5wf6k2qg5waehxw309aex2mrp0yhxgctdw4eju6t0f7rplw of staying on X 🫡
2025-11-24 22:04:07 from 1 relay(s) ↑ Parent Reply
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. 🫡🙌
2025-11-24 22:04:31 from 1 relay(s) ↑ Parent Reply
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.
2025-11-24 23:32:46 from 1 relay(s) ↑ Parent Reply
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?
2025-11-24 23:34:26 from 1 relay(s) ↑ Parent Reply
Everything points to over sold, but it might take a while to rebound. nostr:nevent1qvzqqqqqqypzqxh7p36w84mcf6af8f0rlf255mhtqxfg6ynnnt5t5jpj0p5q3cmdqqs92aa64x8hsmqpmtzp4zurrw8gnqxwadln8dz6sggn4g3xdqvgnusmuruej
2025-11-25 03:11:00 from 1 relay(s) ↑ Parent Reply
This is a classic maturity transition IMO Folks who have held for years and years are cashing out. They are so deep in the green that they might as well. Probably looking around at the world and deciding to convert that digital wealth into experiential or tangible forms.
2025-11-25 20:40:45 from 1 relay(s) ↑ Parent Reply