📊 On-chain trend alert: Bitcoin holders are shrinking while price revisits highs fewer hands holding into volatility shows distribution, not blind FOMO.
#DataNotNoise #Bitcoin #CryptoAnalysis #OnChain
@glassnode.bsky.social

When volatility spikes, the first question shouldn’t be “what’s the news?”

It should be “what changed in positioning?”

Most sharp BTC moves are explained by leverage resetting, not new information.

#Bitcoin #MarketStructure #OnChain #CryptoDerivatives #DataNotNoise