Just checked the latest on-chain data and it's pretty clear bitcoin wallet holders across the board are dumping right now. The Glassnode Accumulation Trend Score is sitting at 0.04, which basically means heavy distribution everywhere. Retail wallets holding 1-10 BTC are leading the selloff, and even the bigger players with 10-100 BTC are moving out. Honestly thought this would tank the price but BTC is still hanging around 73k, which is kind of wild given how much selling pressure we're seeing from bitcoin wallet movements. Middle East tensions probably have people spooked, but the fact that price isn't collapsing despite all these wallets distributing suggests there's still real demand underneath. Dollar's strong, yields are up, oil is pushing 100, yet bitcoin is holding better than stocks and gold. Might be worth watching where these bitcoin wallet flows go next, but the resilience is interesting.

BTC-0.26%
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