@adam3us@EneaDenkt@brian_trollz You would have thought Satoshi would have had an inheritance plan in place for his keys. Can’t think he would have lost his keys.
@_Checkmatey_@AGratefulApe So cypherpunk Whales are switching from cold storage to ETFs which allows greater tradfi acceptance. They can use the IBIT options liquidity to generate yield more effectively.
@_Checkmatey_@_checkonchain@_Checkmatey_@dotkrueger over the year the Whale addresses >1,000 have sold 695,048 Bitcoin whilst the Sharks have bought 1,022,514. The market is selling to the Sharks, the ultimate lettuce hand predator.
@_Checkmatey_@_checkonchain It’s only 21 Whale addresses that have dropped out of the cohort. Yes, very influential but the selling is very concentrated. There is big absorption in the Sharks cohort which is going vertical. We are being played. Analysis paralysis.
Sure they are exchanges but if you drill into the flow of these addresses over time the selling is only coming from 21 addresses which have fallen out of the Whale >1,000 cohort. There has been a big surge in the Sharks absorbing the flow. So market is very narrow and sell off not likely sustainable.