๐ On-chain update: ๐ป Long-term $BTC holders have continued their distribution phase โ supply is down 28,000 BTC since Oct 15, per Glassnode. ๐ This suggests profit-taking from early accumulators and a rotation of supply back into the active market. ๐ Is this smart money rebalancingโฆ or positioning ahead of volatility? #Bitcoin #Crypto #OnChainData
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