Does this mean Bitcoin is going up?

[chainsniff]

Not necessarily — but it’s a bullish signal for Bitcoin in the bigger picture.

While long-term holders are staying inactive, short-term traders are still taking profits and creating volatility. That means prices can still fluctuate in the short term. However, reduced selling from large holders combined with tightening supply can create favorable conditions for price growth over time.

[etfs]

love how crypto explanations always end with “if demand increases”