“Long term holders” which typically refers to a cohort of “OG” Bitcoin holders are selling here (as they always do during expansion phases of a bull market) and we have access to that data to prove it. If price isn’t moving down with these sales it means someone is absorbing them/buying. If long term holders are the dominant sellers, then it means instos (and retail) are the dominant buyers. This is how we know that instos aren’t “distributing” at these levels. They are accumulating.(CrediBULL Crypto)