caueconomy
The largest volume of exchange withdrawals since the collapse of FTX.đ¨
Over 47 thousand BTC left exchange reserves. While this can still be reclassified as internal movement, it could also have been a case of some large player absorbing coins for their own reserves. While these withdrawals do not reflect an immediate "supply shock" to the price of bitcoin, since this is a long-term effect, wrongly understood as something that impacts bitcoin in the short term, it still reveals a trend of accumulation by large players.