Cryptor ⚡️

The market is dumping, and no matter how strong $TIBBIR is, it is feeling the impact as well. As a relatively large holder, do I get scared? Not even 1%, and that is because I know exactly what I bought. But more importantly, I have insight into what the market-making segments are doing on-chain. Segments that make or break a play. These segments consist of the same participants who also bought $TIBBIR early, held through volatility, and showed the highest level of conviction, even during times of fear. I believe they will also be the ones that drive the next leg up once broader market conditions turn in our favor, assuming the onchain data remains positive obviously. Below is a high-level overview of how I analyze this data using @nansen_ai, to get a high overview about what's happening. >> Top holders increasing overall The top holders segment is increasing and currently controls almost 50% of the supply. But do note that this metric also includes holdings from CEX and DEX wallets, as well as smart contracts such as staking pools, and can therefore be misleading. >> Top 7 day ouflows vs inflows If we exclude CEX and DEX holdings, we get the following: - Outflows are approximately 19M, including smart contracts. - Inflows are approximately 17M, including smart contracts. Overall, this indicates a relatively stable situation with close to net-neutral flows in the last 7 days. Disclaimer: I only check flows here, not what these flows actually were (buys, sells, transfers, staking, unstaking etc). >> Top 40 holder flows The highest inflows and outflows are different than the flows from the top 40 holders. And this is good information to check out as well, as an important market-making segment. Now let’s look at the Top 40 holders and their flows. This segment is very balanced. In fact, the Top 40 is increasing, with holder number 40 alone showing a 3.58M inflow. >> Top PnL wallets with 7-day unrealized gains Another important segment to watch is top PnL wallets with unrealized gains. Why? Because if participants are sitting on substantial profits and are genuinely scared, they would have likely sold, at least partially. Take a look at the percentage still holding below. As you can see, the majority is holding. Yes, other PnL holders have sold, otherwise we wouldn't have seen this dump. But the ones with unrealized gains choose to hold. Disclaimer: This whole analysis also excludes the increase we see in both Smart Money wallets and whales, again further market-making conviction. >> So why do we dump then? When large sell orders hit the market, they create fear, especially among retail participants. Retail sells as well, fear spreads through group chats, and selling pressure compounds. Eventually, this triggers a broader fear-driven sell-off from weak hands, which aligns with the sentiment we are seeing across the market right now. That said, I strongly believe the same market-making segments I have been tracking for a long time now are still here and still holding. These were the same participants that drove the initial expansion and price discovery in the first place. The core thesis behind $TIBBIR remains intact. The conviction that fueled the move in the first place has not changed. Yes, it hurts to watch sell-offs like this. But over time, you become immune to them. This is part of the game you are in. I have learned that these moments are not about reacting, but about understanding who is actually selling and who is not. Volatility tests conviction. This is where weak hands exit and strong hands are validated, and will eventually realize real profits when retail decides to re-enter.

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