Over the past month, long-term holders have sold more than 400,000 BTC, one of the largest waves of selling in the network’s history.
These are not short-term traders; these are wallets that have held Bitcoin for many years, some since its earliest days. Their selling has generated fear and uncertainty in the market.
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On-chain data indicates that old Bitcoin wallets, including coins that have remained dormant for years, are suddenly becoming active.This suggests that early Bitcoin adopters and miners are taking profits and reducing their holdings.
Historically, these early holders could not sell large amounts without crashing the price due to limited liquidity. However, the market has changed. With spot Bitcoin ETFs, institutional inflows, and corporate treasuries now holding Bitcoin, the market can absorb large sales without triggering a massive crash.
Thanks to this increased liquidity, early investors are now distributing their holdings gradually and strategically.
Thanks for the discussion. I was actually curious why it dropped.
I get that you are just gambling, but for all your complaining about others in this thread, you are probably the most useless poster when it comes to actual information here.
Come on now, you saw it dropped and came here and your first post was a smug comment...something you call me out on the other way don't lie.
Its dropped because no asset class just goes up in a straight line...NVIDA is down 4% today. the fact that the drop stopped in the 100K US range is incredibly bulish for the future of Bitcoin.
From the article you posted:
Macro investor Jordi Visser describes this phase not as a market failure but as Bitcoin’s “IPO moment.” In traditional finance, early investors reduce exposure when a company matures and institutional capital steps in. The same appears to be happening with Bitcoin today. Unlike previous cycles, selling from large holders is no longer crashing the price.
I also know for a fact some of these big whales are "crashing the price" to buy more on sale...they know 1M BTC is here in the next 5 or so years.
As for practicle use...I could send 1M directly to someone in another country a couple minutes, try that with your bank....see you in a week.
Location: In my office, at the Ministry of Awesome!
Exp:
Quote:
Originally Posted by dino7c
Come on now, you saw it dropped and came here and your first post was a smug comment...something you call me out on the other way don't lie.
Its dropped because no asset class just goes up in a straight line...NVIDA is down 4% today. the fact that the drop stopped in the 100K US range is incredibly bulish for the future of Bitcoin.
From the article you posted:
Macro investor Jordi Visser describes this phase not as a market failure but as Bitcoin’s “IPO moment.” In traditional finance, early investors reduce exposure when a company matures and institutional capital steps in. The same appears to be happening with Bitcoin today. Unlike previous cycles, selling from large holders is no longer crashing the price.
I also know for a fact some of these big whales are "crashing the price" to buy more on sale...they know 1M BTC is here in the next 5 or so years.
As for practicle use...I could send 1M directly to someone in another country a couple minutes, try that with your bank....see you in a week.
1) No you can't. You can send someone $1M worth of bitcoin. That may or may not be worth $1M tomorrow. And they may or may not be able to turn that into $1M on a reasonable timeframe.
I can send anyone $1M in any number of ways if we aren't actually talking about sending them $1M.
2) I don't think I would say "I can send people $1M" is exactly a practical use. I would call that an edge case, as I would think most people are dealing in transactions on a slightly smaller scale.
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Last edited by Bring_Back_Shantz; 11-13-2025 at 12:24 PM.
Come on now, you saw it dropped and came here and your first post was a smug comment...something you call me out on the other way don't lie.
Its dropped because no asset class just goes up in a straight line...NVIDA is down 4% today. the fact that the drop stopped in the 100K US range is incredibly bulish for the future of Bitcoin.
From the article you posted:
Macro investor Jordi Visser describes this phase not as a market failure but as Bitcoin’s “IPO moment.” In traditional finance, early investors reduce exposure when a company matures and institutional capital steps in. The same appears to be happening with Bitcoin today. Unlike previous cycles, selling from large holders is no longer crashing the price.
I also know for a fact some of these big whales are "crashing the price" to buy more on sale...they know 1M BTC is here in the next 5 or so years.
As for practicle use...I could send 1M directly to someone in another country a couple minutes, try that with your bank....see you in a week.
But would you? would you ever spend BTC or would you hodle it? (am I getting the term right)
The inherent problem with the idea of BTC as a good method of paying money is it's wild swings in price and the fact that you and most everyone else that owns BTC see it as an investment mean no one is ever going to use it to send money in any quantity, in fact the irony of BTC is that if it ever actually became a useful 'currency' it would mean no one was making any money from it as currency's need to be stable to be usable
The point he's making is that it's way more flexible and faster to move around than fiat currency, although I would agree with Fuzz that this isn't unique to Bitcoin. As for whether or not your $1M is still worth $1M by the time the transfer it is complete given small fluctuations in pricing happens constantly, you could always convert it to a stablecoin like USDC.
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GO FLAMES GO.
Quote:
Originally Posted by Azure
Typical dumb take.
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The point he's making is that it's way more flexible and faster to move around than fiat currency, although I would agree with Fuzz that this isn't unique to Bitcoin. As for whether or not your $1M is still worth $1M by the time the transfer it is complete given small fluctuations in pricing happens constantly, you could always convert it to a stablecoin like USDC.
You might be missing my point, the fact that BTC goes up (and down) in price like an investment means no one will use them as a currency, the defining feature of deflation is people hoard their money and that's at 5 or 6% a year, at 30% no one spends in the same way in hyper inflation no one holds on
The function that makes something a good investment makes it impossible to function as a currency
Come on now, you saw it dropped and came here and your first post was a smug comment...something you call me out on the other way don't lie.
Its dropped because no asset class just goes up in a straight line...NVIDA is down 4% today. the fact that the drop stopped in the 100K US range is incredibly bulish for the future of Bitcoin.
From the article you posted:
Macro investor Jordi Visser describes this phase not as a market failure but as Bitcoin’s “IPO moment.” In traditional finance, early investors reduce exposure when a company matures and institutional capital steps in. The same appears to be happening with Bitcoin today. Unlike previous cycles, selling from large holders is no longer crashing the price.
I also know for a fact some of these big whales are "crashing the price" to buy more on sale...they know 1M BTC is here in the next 5 or so years.
As for practicle use...I could send 1M directly to someone in another country a couple minutes, try that with your bank....see you in a week.
LOL, this is such prototypical cryptobro nonsense: fantasizing about wealth without knowing what it's like actually being rich.
If you are the kind of person who actually moves around millions regularly, you can do it in seconds.
LOL, this is such prototypical cryptobro nonsense: fantasizing about wealth without knowing what it's like actually being rich.
If you are the kind of person who actually moves around millions regularly, you can do it in seconds.
Michael Saylor is a multi billionare and says this all the time...you can disagree but saying I'm wrong because I am not rich enough to know better is pretty dumb. Some of the wealthiest people on earth have said the exact same think when talking Crypto. Its not that easy to move money intenationally, especially quickly and cheaply, not to mention without a foreign government tracking your every move. Now like I say the price needs to become less volatile, which IMO it will.
Michael Saylor is a multi billionare and says this all the time...you can disagree but saying I'm wrong because I am not rich enough to know better is pretty dumb. Some of the wealthiest people on earth have said the exact same think when talking Crypto. Its not that easy to move money intenationally, especially quickly and cheaply, not to mention without a foreign government tracking your every move. Now like I say the price needs to become less volatile, which IMO it will.
the problem with this as a selling point is the one thing you need more than speed if you are moving millions is security, insurance, the ability to track and protect your money legally, the reason crypto is a grifters paradise is because of the speed, lack of ability to track, if you send it to the wrong place or if they just rip you off you have nothing, it's like paying with cash, great for shady deals where you have to risk everything to avoid a paper trail but ridiculously risky for most trades
Last edited by afc wimbledon; 11-28-2025 at 02:35 AM.
Michael Saylor is a multi billionare and says this all the time...you can disagree but saying I'm wrong because I am not rich enough to know better is pretty dumb. Some of the wealthiest people on earth have said the exact same think when talking Crypto. Its not that easy to move money intenationally, especially quickly and cheaply, not to mention without a foreign government tracking your every move. Now like I say the price needs to become less volatile, which IMO it will.
Location: In my office, at the Ministry of Awesome!
Exp:
Quote:
Originally Posted by dino7c
Michael Saylor is a multi billionare and says this all the time...you can disagree but saying I'm wrong because I am not rich enough to know better is pretty dumb. Some of the wealthiest people on earth have said the exact same think when talking Crypto. Its not that easy to move money intenationally, especially quickly and cheaply, not to mention without a foreign government tracking your every move. Now like I say the price needs to become less volatile, which IMO it will.
I thought it was going to a million bucks?
__________________
THE SHANTZ WILL RISE AGAIN. <-----Check the Badge bitches. You want some Awesome, you come to me!
<-----Check the Badge bitches. You want some Awesome, you come to me!
