In the chart you see at what price level each of the total 18.7M BTC was last moved.
So what happened in May? Weak hands sold ~1M BTC in May at $30k-35k .. which they bought in April at $55k-60k: a staggering ~$20B loss. The good news: these 1M #bitcoin are in strong hands now.
Also interesting to read about how unpopular the digital yuan pilot has been vs existing digital payment solutions. From what I can tell, the digital yuan looks like a shockingly ineffectual store of value. It has a centrally managed kill switch in it...
Interesting watching china pour FUD on btc. Watching the Chinese most exciting currency rankings, it is interesting to note they only really rank highly centralized, non proof of work chains. All of them can be taken over with economic force.