Everyone thinks bitcoin leaving exchanges is an automatic green light, but actually a 7-month low in supply can be exactly how people get trapped with no clean exit.
you know the feeling. headline hits, you fomo $btc because you're scared of missing the move, then the book is thinner than you thought and one candle takes you out before you even pick a stop.
exchange supply just fell to its lowest level in 7 months. that's fewer coins sitting on venues ready to be sold, which sounds bullish until you remember thin liquidity cuts both ways. ngl a real bid can squeeze price higher fast, but the same setup makes dumps uglier and slippage worse for anyone who chased. i've watched $eth do this too, where the supply narrative had everyone leaning long and a quiet flush cleared the late entries. if your $usdt is still on the sidelines, waiting for your level beats buying the warning itself.
where do you think this goes from here, accumulation or a liquidity trap?
#bitcoin #btc #crypto
you know the feeling. headline hits, you fomo $btc because you're scared of missing the move, then the book is thinner than you thought and one candle takes you out before you even pick a stop.
exchange supply just fell to its lowest level in 7 months. that's fewer coins sitting on venues ready to be sold, which sounds bullish until you remember thin liquidity cuts both ways. ngl a real bid can squeeze price higher fast, but the same setup makes dumps uglier and slippage worse for anyone who chased. i've watched $eth do this too, where the supply narrative had everyone leaning long and a quiet flush cleared the late entries. if your $usdt is still on the sidelines, waiting for your level beats buying the warning itself.
where do you think this goes from here, accumulation or a liquidity trap?
#bitcoin #btc #crypto