Are the big Bitcoin holders running away?

We can see very intuitively from the on-chain data that Bitcoin is currently in a red outflow state, which means a large number of coins have been bought by whales and withdrawn from exchanges, leading to a decrease in exchange inventory.

However, in the short term, buying pressure has indeed diminished, but it is far from the green selling zone. This red buying pressure typically occurs during upward trends and at the bottom of coin prices, often followed by significant rallies.

So currently, the crypto market has just entered the double holiday period, and Wall Street is on vacation in Florida. I believe once these people return in early January, the crypto market will restart.

Therefore, everyone doesn’t need to panic too much; be patient and wait for the main players to return.

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