TL;DR: Long-term holders aren’t selling.
That’s not bearish.

Coins held longer than 6 months remain mostly untouched.
No major spike in old coin distribution.

If smart money wanted out,
you would see it on-chain first.

You don’t.
$BTC

BTCUSDT

Διην.

67,040.1

-3.19%

$ETH

ETHUSDT

Διην.

1,872.33

-5.38%

$SOL

SOLUSDT

Διην.

75

-4.94%