Digital Gold🪙
Key #Bitcoin holders (wallets holding between 10 and 10,000 BTC) currently own 67.77% of the total supply
Despite the recent “black swan” event and all the surrounding panic, these wallets continue to accumulate BTC — since March 22, they’ve added over 53.6K BTC
What can we take from this?
Big players still believe in Bitcoin and see it as digital gold, because since its inception, there simply hasn’t been a better-performing asset in the world
if you are bidding you're looking for a small bounce to sell, if you bid the top you are also looking for a bounce to sell, and if you are a holder from lower and didnt sell yet, you are also looking for a small bounce to sell. interesting supply/demand situation we've got here.
California in a capitulation phase, bottom will be in soon. Will be a good state again by the end of the decade. I have no basis for saying this I just think the vibes are reaching an inflection point.