🤑 Bitcoin’s Silent Revolution: Who’s Holding the Bag Now? 🧐

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In the vast and tumultuous sea of financial speculation, where the waves of greed and fear crash upon the shores of human folly, a quiet yet profound transformation has taken place. Since the fateful month of July 2025, the long-term custodians of Bitcoin, those stoic souls who once clung to their digital treasure with the tenacity of a miser, have relinquished nearly 300,000 BTC-a sum so vast it dwarfs the annual budget of a small nation, amounting to $33 billion. This, according to the sagacious market analyst Shanaka Anslem Perera, whose insights are as sharp as they are sardonic.

This monumental shift, akin to the changing of the guard in a royal palace, has been absorbed not by the rabble of retail traders, but by the monolithic institutions-ETFs and corporate treasuries-whose appetites seem as insatiable as a Tolstoy novel. Perera, with a wit as dry as a Russian winter, dubs this the most significant structural upheaval in Bitcoin’s brief yet tumultuous history. A silent coup, if you will, where the old guard yields to the new, and the very essence of decentralization is questioned.

The Great Wealth Transfer: A Tale of Haves and Have-Mores

In his Substack, aptly titled The 100,000 Question, Perera reveals that these long-term holders-wallets dormant for over 155 days, like bears in hibernation-have been quietly selling their BTC to institutions through private deals and ETF setups, avoiding the public spectacle of exchanges. The result? A wealth transfer so sweeping it would make the redistribution of land in Anna Karenina seem trivial. BlackRock and Fidelity, those titans of finance, now command 1.4 million BTC, a hoard valued at $139 billion. After a brief $2.9 billion exodus in October, the inflows returned with the ferocity of a scorned lover, with $300 million flooding back in within a mere 72 hours.

Bloomberg’s Eric Balchunas, ever the voice of reason amidst chaos, noted on November 11 that the $2.7 billion in outflows represented a mere 1.5

Perera, with a smirk, observes that despite the scale of selling, Bitcoin has remained as stable as a Tolstoy protagonist’s moral compass, trading between $95,000 and $106,000. Volatility has plummeted to 35

A New Market Reality: The Death of Old Theories

This seismic shift in ownership has rendered the traditional Bitcoin cycle theory as obsolete as a horse-drawn carriage in the age of automobiles. The post-halving period, once a harbinger of returns exceeding 150

Yet, the community remains divided, as is the wont of any gathering of humans. Some analysts, with the pessimism of a Tolstoy character, point to persistent resistance, noting a “wall” between $107,000 and $118,000 that has proven as impenetrable as a Russian winter. XWIN Research Japan, in a report as bleak as a Dostoevsky novel, highlights that despite bullish news, long-term holders continue to distribute, keeping the price in check.

After reaching an all-time high above $126,000 in early October, Bitcoin corrected and now trades near $104,500. Down 8

And so, we find ourselves in a new era, where the old rules no longer apply, and the institutions, once the skeptics, now hold the reins. Will they lead Bitcoin to greater heights, or will the weight of their influence crush its very essence? Only time, that implacable judge, will tell. 🕰️💰

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2025-11-12 17:45