Bitcoin’s largest non-exchange holders are de-risking. The 10,000 to 100,000 BTC cohort has sold or redistributed 36,500 BTC (approx. $3.4 billion) since December 1, according to Glassnode data. The distribution coincides with Bitcoin’s struggle to break the $94,000 resistance level following Wednesday’s Federal Reserve rate cut. BTC traded at $92,250 (-0.2%) during the early Asian session Friday. The Data Points The Cohort: Entities holding 10k-100k BTC (often institutional custodians or early miners) ...