Bitcoin’s fall is the result of market gaming

In my article "The sky is going to change!" ! ! 》For the first time, it was proposed that long-term holders are accelerating selling, and the market has entered a game pattern between traditional institutions and currency circle institutions.

Bitcoin fell 5 points today, look at who is selling from two on-chain indicators

Figure 1 shows the ratio of the number of days coins are destroyed to the total Bitcoin supply. For example, if a Bitcoin is held for 200 days and sold, it means 200 coin days were destroyed. It can be simply understood that the higher the indicator value, the more long-term holders sell. , on the contrary, the smaller it is, it is currently 1.6, which is twice the average and higher than the last bull market, which confirms my point.

Figure 2 shows the selling behavior of different holding days. Here I only show and explain the groups that have been accelerating selling recently, namely

1w-1m: Bull markets will rise because market activity increases

1m-3m: Sell at profit

3m-5m: Sell at profit

12m-18m: Long-term investors accumulating in bear markets, smart money

3y-5y: This group is the investors who were stuck at the top of the mountain in the last bull market. After Bitcoin exceeded 50,000, investors untied and sold #大盘走势 #BTC $BTC