Crazzyblockk2025-04-16

Who’s Really Selling Bitcoin? Let’s Break It Down

Over the past 15 days, we’ve seen consistent sell pressure on exchanges — but who exactly is offloading their bags? 📊 Based on CryptoQuant’s Exchange Inflow Age/Value Bands: 🔍 By Holding Age: Short-Term Holders (STH) have been the primary sellers, sending an average of ~930 BTC/day to exchanges. In contrast, Long-Term Holders (LTH) only moved about ~529 BTC/day — highlighting short-term fear or profit-taking, while long-term conviction remains intact. 🐟 By Wallet Cohort: From April 1 till now: Shrimps (<1 BTC): 480 BTC/day Crabs (1–10 BTC): 102 BTC/day Fish (10–100 BTC): 341 BTC/day Sharks (100–1,000 BTC): 402 BTC/day Whales (>1,000 BTC): Only 70 BTC/day 👉 Takeaway: The real sell pressure is not from whales or old hands, but from retail and mid-sized cohorts (shrimps to sharks) and short-term holders — a classic shakeout. With Bitcoin trading sideways and volatility compressing, this cohort-driven breakdown helps us understand that the current correction is not a mass exodus by smart money — it’s more likely a reaction from nervous short-term and mid-tier holders.