Bitcoin (CRYPTO: BTC) is trading around $70,500 after a brief rally toward $75,000 that was met with a firm rejection following the Fed decision. Two Bitcoin OGs then made massive moves on March 19, selling a combined $117 million in BTC the day after the Fed held rates and raised its inflation forecast.

On the other side of those sales, whale wallets holding over 1,000 BTC added 8,400 coins in the same 48-hour window. Bitcoin held on exchanges—the supply that’s actually available to trade—has dropped to 2.7 million BTC, which is a level not seen since 2018. In total, large holders have added 270,000 BTC to their wallets over the past 30 days—the most in a single month since 2013.

We dug into who these sellers are, what the…