There’s an on-chain signal worth noting: whales have stopped moving coins to exchanges.
This wave of transfers lasted for more than three months, starting in the summer. That’s twice as long as similar trends since 2023, and it didn’t end until late August. Since then, net flows have remained negative—which means big holders are no longer sending coins to exchanges.
That three-month-plus selling pressure channel has come to an end. There may still be some short-term volatility, but the medium-term supply dynamics are improving. Don’t let small-scale price swings scare you off; focus on whether net outflows continue.
You’ll need enough exposure and patience to catch what comes next.
#BTC #ETH
This wave of transfers lasted for more than three months, starting in the summer. That’s twice as long as similar trends since 2023, and it didn’t end until late August. Since then, net flows have remained negative—which means big holders are no longer sending coins to exchanges.
That three-month-plus selling pressure channel has come to an end. There may still be some short-term volatility, but the medium-term supply dynamics are improving. Don’t let small-scale price swings scare you off; focus on whether net outflows continue.
You’ll need enough exposure and patience to catch what comes next.
#BTC #ETH