TemptingBeef2021-10-11

BTC leaving Bitfinex

Noticing quite a bit of BTC leaving Bitfinex and can't help but feel that this has something to do with the drop off in BTCUSDLONGS. BTC used as collateral for longs on Finex since May which have all since closed in huge profit and now taken off the exchange into cold storage. At the same time, a spike in stablecoin reserves. ETH continues to flow in, likely used for long positions on ETH where we're all expecting more upside eventually.