Mignolet
price isn't moving, but OTC trading is active
most noticeable data during the frustrating price consolidation period that has been ongoing since the second quarter is the UTXO count, and the entities capable of such behavior are institutions or whales. price isn't moving, but wallet activity is more active than ever. Not only wallet activity but also OTC trading through exchanges is exceptionally active. While it's natural for exchange Reserve(btc) deposits and withdrawals to increase during periods of high price volatility, when the price isn't moving, the withdrawal of approximately 230,000 Btc can be attributed to OTC trading. Recently, within a short period, around 90,000 Btc were withdrawn. We can't predict when the price will rise, but there is significant activity happening in the current range Even if further price declines occur, there is a high likelihood of a rapid price recovery.