A possible institutional purchase and the calm before the storm in derivative markets

A-possible-institutional-purchase-and-the-calm-before-the-storm-in-derivative-ma

In contrast to the 0.1% consensus, industrial production rose by 0.4% after falling in three of the previous four months. Because the Fed is continuing to tighten, the fact that capacity utilization has reached its highest level in 15 years is even more worrying for the markets.

On October 18, a significant amount of BTC was taken out of Coinbase. In total, 48K bitcoins, or $953 million, were taken out. These coins do not appear to be entering other exchanges at this time. Outflows are essential because, in the past, significant changes in volume like these have been a sign that a bear market may be coming to an end.
Because of how these transactions were set up, it's probable that these coins were going to a new custodian wallet for a customer who was likely an institutional entity.

Given that Open Interest in derivative exchanges has been increasing, notwithstanding steady market conditions, price volatility for both BTC and ETH may be returning.