If CryptoQuant is right and MicroStrategy really moved 4,000 BTC out of cold storage, then yes — that’s usually not done “just because.” Big wallets don’t shift coins unless they plan to do something with them, and selling is the obvious guess.

So yeah, maybe the easy money phase is over for now. If Saylor’s team starts unloading, it’ll put pressure on the price — and smaller holders will likely panic-sell too. We’ll see soon enough if this was just treasury management or the first sign of taking profits at the top.