🚨 Big news in the crypto world! Bitcoin just experienced one of its largest exchange outflows in years. CEX balances dropped from 2.37M BTC to 1.82M BTC between Nov 21–23, all while the price hovered around $85k. That’s a whopping 23% decline, marking the lowest exchange supply since 2018! 📉
So, what’s going on? My bet is that big players are scooping up coins and moving them off-exchange for long-term holding or settling OTC.
🔍 These outflows happened across various exchanges without budging the price—definitely screams "planned moves" rather than retail panic.
If this data checks out, we’re talking about a significant shift: about 550,000 BTC just exited the liquid market, equating to a jaw-dropping $47.85 billion! 😮
From a supply-and-demand angle, this looks super bullish! But hey, I’m no expert—how do you all interpret these stats? Drop your thoughts below! 💬
