Glassnode's Bitcoin heatmap has been updated.

⚠️ NOTE

1. "Looks like everyone is buying" ≠ "The market has no one selling"

This chart only tracks large on-chain wallets, such as wallets holding from 1 BTC to over 10,000 BTC.

However, it does not reflect the following:

- Traders on centralized exchanges (Binance, Bybit…)

- Miners selling the amount of BTC they just mined

- Funds taking profits or rebalancing their portfolios

- Old wallets "waking up" after many years of inactivity

2. The chart only shows trends, not volume.