alfernec / Shutterstock.com Bitcoin’s start to November is looking less than ideal for bulls, with bitcoin trading down over 3% at this time of writing. Over the course of October, long-term bitcoin holders sold over 400,000 bitcoin, about 2% in circulating supply. The fact that the draw down hasn’t been much more extreme is a positive sign for bitcoin’s resilience. With DAT’s and ETF’s gobbling up available supply, the market structure is dramatically different than prior cycles, and much more mature. Th ...