Looks like $BTC might be in for a softer May, especially after we saw some pretty decent runs in March and April. Historically, Bitcoin hasn't managed three consecutive positive months during bear market years, and it feels like we could be seeing that play out again this cycle.
But here's the real kicker, and it comes from our short-term holders! Data from CryptoQuant just highlighted a massive 107,760 $BTC shifting hands from those who've held their coins between one and three months. That's the biggest daily movement we've seen from this specific group in quite some time, indicating some significant activity that could affect the broader crypto market, including altcoins like $ETH.