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Don't remind me again today

In the past month, BTC has retraced more than 30% from its high. Interestingly, the Bitcoin balance on exchanges has actually been decreasing.



Coinbase has seen a net outflow of 60,000 coins, which are likely taken by institutions in the United States. Today's spike has directly burst a wave of liquidity, and the price has reached the shutdown price for some miners. Now it is getting closer to the cost price of MicroStrategy and ETFs.

Going down further? There really isn't much space left. That big pie, as hard as a rock, will bounce back sooner or later. The market is testing the bottom, and institutions are secretly accumulating. This round of wash trading might be coming to an end soon.
BTC-1.78%
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ChainWanderingPoetvip
· 4h ago
Institutions are aggressively accumulating, yet exchange coins are decreasing. This signal is too obvious. The bottom is not far away.
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OnChainDetectivevip
· 4h ago
nah wait, the exchange outflow pattern here is sus... 60k btc leaving coinbase right before a wick down? classic institutional accumulation play. trace the wallets back and i bet you'll find clustering that screams "coordinated buy". statistical probability of this being coincidence is like... what, 2%? data doesn't lie tbh
Reply0
WalletDetectivevip
· 5h ago
Institutions are quietly accumulating, exchanges see net outflows... This script is becoming more and more familiar; it's the same every time.
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ProtocolRebelvip
· 5h ago
Institutions are accumulating; this signal doesn't lie.
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ChainMelonWatchervip
· 5h ago
Institutions are aggressively buying at the bottom, while we retail investors are still hesitating about whether to buy the dip...
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