Tourist Vanish As Long Term HODLers Watch (and Continue to Accumulate)

Data is data. Hope this gives some insight/clarity to those wondering what's going on today

You can't hide the inactivity today of established structural positions (whales). They are not participating in this market movement. It's being driven by tourist, derivatives, options and liquidity hunting (fear).

History says when the market moves like this (without selling from those in profit), it's not structural, and it doesn't stick. Smart money will allow the drop until that fear flips to greed. Anyone's guess at what point that large blue (short term holders) will stop selling on the way down... they continue to fall for it.

Tourists.