According to @glassnode, popular narratives like OG whales dumping and Bitcoin’s Silent IPO are oversimplified, and their on-chain models indicate a more nuanced underlying market structure that they will break down in detail. Source: @glassnode on X, Nov 13, 2025. Traders should prioritize data from Glassnode’s on-chain models over headlines, focusing on whale-to-exchange inflows, long-term holder spending, and supply distribution by cohort to validate real sell pressure versus simple rotation. Source: @glassnode on X, Nov 13, 2025. Positioning should be adjusted only after Glassnode’s forthcoming breakdown confirms or rejects the dumping narrative to avoid chasing false signals. Source: @glassnode on X, Nov 13, 2025.