Bitcoin (BTC)

The USA has 2.8X more #Bitcoin than every other country combined. https://t.co/gFlD9ct3DC

There's no conspiracy theories behind memes

There's narrative creation by KOL'S

Creating fake community.

Ye coin has nothing to do with kanye.. Ye they link a few tweets to show the conspiracy is true

Most pump fun coins are similar.

Now If the KOL tells you to sell the top which 100% they won't. Instead give you hopes for ever

#bitcoin

Bitcoin whales keep buying.

While many sold or hesitated during the pullback from over $80,000 to below $60,000, the opposite happened with the largest market participants.

Wallets with 1,000 to 10,000 BTC increased their holdings in this phase from about 3.01 million to now 3.107 million BTC. That's almost 100,000 BTC that were additionally accumulated during the weakness phase.

Of course this is no guarantee that the floor is already set. Whales can also be wrong. Nevertheless the on-chain metric clearly shows who used the recent sell-off to build positions instead of panicking.

Exactly such phases are often exciting on-chain. While sentiment is at its worst, large amounts of Bitcoin shift from weak to strong hands. Whether this will again be the starting gun for a sustainable recovery remains to be seen. The whales’ accumulation at least speaks a clear language.