There is a lot of leverage that gets liquidated if we fall back to $112K and that is also where the CME gap is... So I think it is safe to say we need to dip and remove those leveraged longs before the next leg up... Hopefully a massive leg up to short squeeze everyone at $125K.
With Polymarket now showing a 53% chance that we hit $130K by the end of the year and being found to be 95% accurate a month out... One last rally to a new ATH seems more likely than not at this point.
Bitcoin: "You Merciless Bitch". I've not idea what is going on with price...never will and never can..IMHO.
So price dumps when France announces today that they want to get 2% of all BTC in the world by extra electric from their various sources and mine..and
also what they seize and other methods for national btc treasury or at least a law was proposed for such
and Bitcoin: The Merciless Bitch, that it is...goes down like $3k in price
and people wonder why I always HODL and never sell BTC. Sheesh...explain this all to me..'use small words'

Long-term Bitcoin holders have sold 325,600 BTC, representing the sharpest monthly drawdown recorded since July 2025.
Yes and if that group of 5 year plus holder numbers 2000 people holding 650,000 btc selling off 50% of the holdings means they now have 16 coins and 1,800,000 each.
if the hold was 5 years they gained about 85000 a coin
so selling off a large amount can make sense to some. But not all.
If you have 32 coins and want to relocate selling 16 paying tax and splitting a particular country could be a good move for some.
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at the moment the scrapper I used is still paying 1.25 a pound for what I was selling.
https://rockawayrecycling.com/metal/insulated-wire/the copper and silver sales I did will be used to keep the hosted gear running.