bitcoin daily fees collapsed to 2.5 BTC/day. lowest since 2011. active addresses at 8-year lows. network looks dead on every dashboard. meanwhile whales accumulated 270,000 BTC ($23b) in 30 days. largest 30-day whale accumulation in 13 years. exchange reserves hit all-time lows at 2.31m BTC. microstrategy added 89,603 BTC in Q1 alone. 74% of supply sitting off exchanges. the on-chain obituary is being written at the exact moment the largest supply compression in bitcoin history is forming underneath it. bea ...