👀 Have you noticed that the amount of crypto leaving exchanges has increased over the past 24 hours? And I’m not talking about stablecoins.
Whale Alert started posting MUCH MORE messages such as:
“865 $BTC ($51,771,942) transferred from Coinbase Institutional to unknown wallet.”
I decided to check whether this observation had any basis, and the data was quite interesting.
📊 Over the last ~24–36 hours:
▪️ 6,270,364 $SOL (~$445.6M) transferred from Binance to an unknown wallet.
▪️ 1,517 BTC (~$90.4M) transferred from Kraken to an unknown wallet.
▪️ 1,000 BTC (~$59.8M) transferred from Coinbase to an unknown wallet.
▪️ 880 BTC (~$52.5M) transferred from Coinbase Institutional to an unknown wallet.
Then came a series of nearly identical transfers of 865 BTC each from Coinbase Institutional to unknown wallets.
If we add up only the visible BTC withdrawals, we’re looking at at least 7,700 BTC, or roughly $460+ million at current prices.
And that’s before even including the massive $445 million SOL withdrawal.
🤔 One possible explanation is that large players are operating under the same assumption many of us have: the bottom of the bear market may be getting close.
Could we still see lower prices? Absolutely.
But from a risk-reward perspective, current levels are starting to look attractive for long-term accumulation, especially considering that nobody knows exactly where or when the final bottom will form.
At the same time, a large part of the current selling pressure appears to be coming from crypto ETFs.
The American boomers got scared, convinced themselves they were being scammed, and are dumping IBIT at almost any price.
📈 The reversal may be closer than most people think.
Whale Alert started posting MUCH MORE messages such as:
“865 $BTC ($51,771,942) transferred from Coinbase Institutional to unknown wallet.”
I decided to check whether this observation had any basis, and the data was quite interesting.
📊 Over the last ~24–36 hours:
▪️ 6,270,364 $SOL (~$445.6M) transferred from Binance to an unknown wallet.
▪️ 1,517 BTC (~$90.4M) transferred from Kraken to an unknown wallet.
▪️ 1,000 BTC (~$59.8M) transferred from Coinbase to an unknown wallet.
▪️ 880 BTC (~$52.5M) transferred from Coinbase Institutional to an unknown wallet.
Then came a series of nearly identical transfers of 865 BTC each from Coinbase Institutional to unknown wallets.
If we add up only the visible BTC withdrawals, we’re looking at at least 7,700 BTC, or roughly $460+ million at current prices.
And that’s before even including the massive $445 million SOL withdrawal.
🤔 One possible explanation is that large players are operating under the same assumption many of us have: the bottom of the bear market may be getting close.
Could we still see lower prices? Absolutely.
But from a risk-reward perspective, current levels are starting to look attractive for long-term accumulation, especially considering that nobody knows exactly where or when the final bottom will form.
At the same time, a large part of the current selling pressure appears to be coming from crypto ETFs.
The American boomers got scared, convinced themselves they were being scammed, and are dumping IBIT at almost any price.
📈 The reversal may be closer than most people think.