Former White House crypto advisor Bo Hines said he “feels sorry for people that sell their Bitcoin,” voicing long-term conviction as on-chain data point to renewed holding behavior.
Former White House crypto advisor Bo Hines said he “feels sorry for people that sell their Bitcoin,” voicing long-term conviction as on-chain data point to renewed holding behavior.
His comment lands as according to CryptoQuant analyst Burak Kesmeci, the 30-day moving average (SMA30) of net inflows to Binance has turned negative in recent weeks. The analyst noted that such negative flow often signals a market desire for self-custody with long-term confidence rather than short-term trading activity.
Kesmeci noted that analysts should focus on the 30-day average instead of daily fluctuations to understand ongoing market behavior better.
Spot last traded near with $2.15 trillion in market value and $103 billion in 24-hour volume. Repeated failures at $114,000 confirm near-term supply.
A daily close above $114,000 re-opens $119,000 to $123,000. Failure to reclaim that level keeps risk toward $105,000 to $102,000.
Glassnode data show down close to 30% since the record liquidation event October 10, 2025. Lower OI reduces reflexive cascades on routine drops, but it also sharpens squeeze potential if price breaks through $114,000 as shorts lean on the ceiling.
The October correction, it should be noted, led to the largest single-day liquidation in crypto history, wiping out more than $19 billion in leveraged positions. Since then, market activity has slowed, with traders adopting a more conservative approach.
