⚡Glassnode: Overcoming FOMO and FUD⚡

📊 Bull markets usually see long-term holders capitalizing on price increases by taking profits.

The current cycle reveals a unique dynamic of alternating waves of distribution and accumulation. Thanks to Glassnode, we observe the following landscape:

🔹Distribution Wave 1: - 929,000 units sold.

🔹Accumulation Wave 1: + 817,000 units bought.

🔸Distribution Wave 2: - 1,100,000 units sold.

🔸Accumulation Wave 2: Currently +278,000 units bought.

🔎 Selling pressure of over 2 million Bitcoin has been absorbed, and re-accumulation offsets much of the distribution.

🧩 This balanced approach creates a more controlled market environment, characterized by price increases followed by sideways consolidation as investors redistribute their positions.

💎"The fish keeps feeding the whale"💎