🚨 230,000 BTC PULLED FROM EXCHANGES IN JUST 12 MONTHS — A MASSIVE LIQUIDITY VACUUM IS FORMING
Exchange balances didn’t just drift lower… they collapsed from 3.16M → 2.93M
$BTC this year.
That’s $20B+ in supply removed from public order books — the kind of drain that doesn’t happen by accident.
This squeeze comes from three major forces working together:
👉 ETF demand absorbing huge amounts of BTC into custodians
👉 Self-custody growth after repeated CEX failures
👉 Whales + institutions moving to OTC instead of visible spot markets
When reserves fall this fast, the market becomes thin… fragile.
And in a thin market, it doesn’t take a big wave of demand to trigger an explosive upside move.
Most traders are glued to the short-term candles.
Almost nobody is studying the liquidity structure — but that is where the real alpha is right now.
The next supply shock is quietly building beneath the surface.
$BTC #Bitcoin #LiquidityShock #BTCFlow #OnChainData