$BTC : Supply is broadening across exchanges while Binance’s stablecoin buffer expands. Aggregate exchange netflow flipped to +$593 BTC/day, up 132% WoW and 1,841% vs quarterly baseline. Binance absorbs +$1,148 BTC/day, while 12–18M-old inflows rose to 479 BTC/day — suggesting repositioning more than outright distribution. At the same time, Binance stablecoin netflow jumped to +$22.1M/day, creating a much larger potential purchasing buffer. Yet Coinbase Premium remains -$0.05 and funding holds at 0.01. Absorption is visible; confirmation is not. #Bitcoin #BTC #OnChain