🚨 ALERT: BTC is disappearing from Binance
While the price chart yawns at $95k, the on-chain is screaming. Don't be fooled by the sideways movement: Bitcoin is evaporating from exchanges.
What has happened this week (January 12-17):
Massive drain: More than 22,000 BTC have exited exchanges to cold custody in just 5 days.
Reserves at lows: According to data from CryptoQuant, the liquidity available on exchanges has fallen to 2018 levels. There is less BTC to buy than at any other time in the last 7 years.
The Institutional "Vacuum Cleaner": Yesterday, U.S. ETFs recorded inflows of $843M. They are not buying "paper," they are withdrawing the actual underlying from the market.
When did we see this before?
The last time the balance of exchanges fell with this verticality was in October 2020. At that time BTC was trading at $11,000. Three months later, we were breaking $40,000. The "Supply Shock" is real and imminent.
The Altcoin radar:
It's not just BTC. Look at Solana (SOL) and Chainlink (LINK); they are replicating this pattern of exiting exchanges. Whales are not rotating to fiat, they are locking it up.
Verdict: Weak hands sell out of boredom; institutions buy out of scarcity.
What side of the transaction are you on today? 🐋💎
📊 Disclaimer: This is not investment advice. Just educational content.
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Sources: CryptoQuant (On-chain Exchange Reserves), Glassnode (Whale Inflow/Outflow), SoSoValue (ETF Tracker).
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