It seems like everyone is buying” ≠ “No one is selling in the market
This chart only tracks large on-chain wallets, such as those holding from 1 BTC to over 10,000 BTC
But it does not reflect the following entities:
- People trading on centralized exchanges (cex)
- Miners selling newly mined Bitcoin
- Funds taking profits or rebalancing their portfolios
- Old wallets 'waking up' after years of inactivity
➠ The icon only shows trends and does not reflect trading volume