qfx

In the high-stakes aquarium of Nansen, centralized exchanges are choking on an extra 873 million tokens this week-a 5.74% bump that screams “We’re just browsing!” the way someone holding divorce papers says “We need to talk.” Total exchange inventory now sits at a puffed-up 16.07 billion. Meanwhile, whales trimmed their waistlines by 0.43 % (yes, the blockchain tracks that sort of thing) and those so-called “smart money” wallets-imagine hedge funds with hair plugs-slashed exposure by nearly 13 %. That left them holding a measly 136.51 million tokens, or roughly one pack of gum shy of a Costco bulk aisle. Even the influencer wallets-yes, the ones that promised “diamond hands” while guzzling oat-milk lattes-have logged off, down 4.1 %. Turns out the only hands they had were jazz hands. 🤷‍♂️

As the market succumbed to a tempest of selling pressure, the largest cryptocurrency, Bitcoin, emerged as the unlikely sanctuary for the weary investor.