Someone with big bags has been hammering Bitcoin this weekend. I just would like to thank them for the cheap sats. https://media.tenor.com/ySWrwo9F6bEAAAAC/sherlock-benedict-cumberbatch.gif

WAIT WHAT. I BOUGHT 22K COINS SO IS EVERYONE ELSE A NET SELLER?

Assuming this is based on tracked addresses, a whale address would be an address connected to a certain a amount of bitcoin? The question is, how do we know these addresses do not belong to groups (exchange, etf etc)? This message implies there are lone buyers buying a lot, while it could also mean ...

Since it was mostly ETFs selling I think it's institutions readjusting to their target percentage allocations and some selling in preparation for tax season for others.

HODL on to your big boy pants 👖!