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
Perp.
87,449.9
-0.21%
ETHUSDT
Perp.
2,930.65
-0.13%
SOLUSDT
Perp.
122.04
-1.20%