THE MARKET JUST PASSED A TEST IT WAS SUPPOSED TO FAIL

Over $45 billion worth of Bitcoin, from wallets dormant since 2010, recently entered the market. More than 400,000 coins, representing 2% of total supply, were distributed.

Historically, such volume triggered 60-70% market collapses (e.g., 63% in 2017, 70% in 2021). This time, the market absorbed the $45B pressure with only a ~30% drawdown, stabilizing and initiating recovery. This resilience marks a notable shift. 📈

A robust demand architecture has emerged: BlackRock IBIT holds over 778,000 BTC, and eleven ETFs manage over $110 billion in assets. El Salvador acquired $100 million at lows, while 1,400+ whale entities accumulated. 🐳 Additionally, 74% of circulating supply hasn't moved in five years.

This robust demand infrastructure, capable of absorbing such selling pressure, did not exist just eighteen months ago. 🏗️

On-chain data reveals exchange reserves at multi-year lows. Short-term holders are capitulating at losses (SOPR at 0.94), while long-term holders remain steadfast. 📉 Speculative leverage totaling $2 billion was also wiped out in a single day.

What remains is a highly convicted holder base meeting the deepest institutional liquidity ever built for a digital asset. This highlights market maturity. 💪

Two perspectives emerge: some see a 30% crash as failure, others view the $45 billion stress test as a successful passage into a new market structure phase. 📊

Coins mined for pennies in 2011 now reside on sovereign balance sheets. This event is not merely a correction, but a significant proof of concept for digital assets on a global scale. 🌍

Information is for market updates, not investment advice.

$BTC
$BANANAS31, $ZEC .