Part 4/10:
A critical aspect of the current crypto landscape revolves around supply dynamics. It appears that much of the supply being sold comes from long-standing holders—often termed "OGs"—and miners who are trimming their positions after a substantial rally. These seasoned investors, having profitered during the run-up, are now realizing gains or trimming their holdings, especially as narratives shift.
This behavior underscores a broader theme: price setting on the margin. When key supply from major holders hits the market, it can influence prices significantly—even if overall trading volume remains manageable. The sell-off by these major players has historically triggered corrections in price, and market participants are keenly watching for the next cycle.