MartyBent on Nostr: The fact that the market can absorb this amount of sell pressure without nuking ...

The fact that the market can absorb this amount of sell pressure without nuking 30-50% is the signal here.

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nevent1q…k60x

Long-term bitcoin holders have sold more than 400,000 bitcoin over the last 30-days, representing almost 2% of the total supply.

Bitcoin is in a material supply distribution phase and the price is still holding strong above $100,000.