Since the historical peak starting from BTC,
from November 8 until now,
long-term holders of BTC have sold a total of 827,783 BTC.
These sell-offs were driven by market sentiment, which
led to a large amount of buying to take over this transfer of value worth over 80 billion.
It can be seen that,
a massive amount of coin transfer requires significant emotional value guidance.
Otherwise, if 820,000 coins are dumped at once, BTC would definitely drop to 0.
But the big players are not that foolish.
So far, it can be seen that, through emotional and news event guidance,
a large number of users have accepted.
Among them, MicroStrategy and BlackRock have acquired 500,000 coins.
However, it’s known that,
MicroStrategy's purchase cost is 0, so they buy as much BTC as they can for whatever price.
On the other hand, BlackRock mostly consists of retail users.
Thus, the investment nature of these two is neutral and slightly retail-oriented.
Apart from these two,
who exactly are the ones absorbing the coins?
As long-term holders with high-value positions,
how many coins do they still hold?
Which party will control the main direction of the price in the future?
