BTC allows us to see more or less how much BTC is being traded. That vast majority of BTC is not moveing and sits off the market. About 2-3 (30%) million BTC seem to be actively traded.

On top of that, whoever sold in the repeat cycles of 2011, 2013, 2017 and 2021, have been wiped out from the market, meaning each time you just get people more commitied to holding.

So what I don't understand is Who selling, becuase there is almost no one left in BTC that is selling any significant amounts.

Are CEX's selling and dealing in fractional BTC tradeing?

I am saying is people have run out of BTC to sell. So what then is being sold?