### Who has been dumping BTC in Nov/Dec 2025? ##
Before 2020, a bunch of dorky Gen X guys mined or bought Bitcoin for peanuts.
From 2010 until 2020, their balances quietly ballooned from like $1500 to $500m...
.... but they still refused to buy a second shirt and spent the 95% of their energy arguing about with other nerds about complicated computer stuff that nobody understands or cares about.
These dorks didn't sell their Bitcoin because.. well, who cares about money anyway? How many laptops can a man own, for God's sake? And what's wrong with my 2006 Subaru, it works great!
Then... over the last few years, a few of these dudes died. It happens when people get old sometimes.
After estates were settled, these dude's BTC ended up with respectable custodians. Coinbase, River, Bifinex, Morgan Stanley, whomever.
But: Control of their investment account went, after their death, to their WIDOWS -- 52-year-old, well-intentioned women with modest homes in Montauk, Lugano, Bel-Air, and Greenwich, and a healthy appetite for "meaningful, justice-forward nonprofits."
Fast forward. It's November 18, 2025, an advisor working for the custodian calls the widow.
“Hey, Janine -- did you know you’re sitting on $912 million in Bitcoin?”
The widows decide to be “rational”. An why not?
Why not? Let's just fully renovate EVERY house, at about $20 million per renovation. (Six houses, $120m total.)
And then let's give another $100m dollars to prestigious, justice-oriented nonprofits and educational institutions. Because - why not?
So. She says to her custodian: "Hey, could you like sell $220 million in BTC over the next three weeks?"
And that's the dump.
