caueconomy
The largest volume of exchange withdrawals since the collapse of FTX.๐จ
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.