🐋 Bitcoin Supply Shock: 80% of BTC Held by Long-Term Holders



🐋 Long-term holders are currently holding about 80% of the BTC supply. This explains why price declines are sharp but short-lived. Price declines are a result of macro factors like rates and risk-off, not a distribution problem.

On-chain data shows that BTC is moving to cold storage, with low exchange inflows. This indicates a supply shock. ⚡

I’m dollar-cost averaging into spot at key support levels, not chasing price moves. If liquidity moves through lows without a corresponding increase in volume, I’m adding to size. Breakout trades occur with volume expansions. 🚀

Things to watch: Whale moves combined with macro factors to determine the next move.#GateSquareAprilPostingChallenge $GT
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