🤯 $BTC: Record Low Exchange Reserves… But Why Isn’t It Pumping?
Bitcoin’s exchange reserves have crashed to an all-time low – just 2.75 million $BTC! 📉 Typically, this screams scarcity and a potential price surge. But here’s the twist: we’re potentially facing a yearly loss, despite this massive withdrawal to cold storage.
What’s going on? It’s not that simple. Liquidity is drying up fast. The Inter-Exchange Flow Pulse (IFP) is plummeting, meaning less $BTC is moving between exchanges, and the order books are getting *thin*. Plus, while most exchanges are seeing outflows, Binance is actually receiving inflows, masking the true accumulation picture.
Don't forget the macro! Concerns around the Bank of Japan tightening policy are also spooking traders.
This is a crucial reminder: on-chain data is powerful, but it *must* be analyzed alongside liquidity and the broader economic landscape. Don't fall for isolated signals. 🧐
#Bitcoin #CryptoAnalysis #MarketInsights #OnChain 🚀
