According to respected people from Glassnode — those who dig into the blockchain so deeply that they see your sins from 2011 — in the last 24 hours, Bitcoin investors have brought to light as much as 3.5 billion dollars in profit.
While someone dreams of buying BTC "at 100K by the end of the year" (of course, after the next halving, lunar eclipse, and the second coming), the old bitcoin monks simply decided: "Why not sell?" — and sold.
Who are these market geniuses? Long-term holders — those very ones who in 2013 wrote to you on Twitter: "Buy Bitcoin, fool." Well, they are the ones who took almost 2 billion dollars in profit. That's more than half of all the cream. The other half was eaten by those who bought a month ago and, seeing +15%, decided that it was enough to feed your wallets with hopes.
Let's be honest: you knew this would happen. Every time Bitcoin shoots to a new peak — your idols from Twitter post memes: "Hodlers don't sell." In reality, hodlers at that moment are already opening an account in Dubai and booking a villa. Because "holding" is a verb only for newcomers. For veterans, it was the plan: buy at a thousand, sell at sixty.
What does this mean for you? Well, besides the fact that your friend who "dipped on the dip" is now explaining that he is a "long-term investor"? It means that the market is wildly overheated. If those who usually sleep on their private keys suddenly massively cash out — it means they know something. Maybe a correction? Maybe another wave of pumping? Who knows. The main thing is not you.
One question: are you ready to become their new liquidity? If yes — good luck. Buy a little more. And don't forget to write on Twitter later: "Never sell!"
And now relax, pour yourself some coffee, and repeat after me:
"It's just a cycle. It's just a cycle. It's just a cycle."
