Bitcoin current flow data shows a notable tug of war between active selling and institutional accumulation Wintermute reportedly moved 619.59 $BTC worth about $51.7M to Binance, while BlackRock’s IBIT received 1,426.47 BTC worth roughly $118.93M from Coinbase Prime
That leaves the reported institutional purchase more than twice the size of Wintermute’s transfer suggesting demand from the ETF side is currently absorbing a meaningful amount of sell side supply
The key is whether this divergence persists as broader market liquidity develops
That leaves the reported institutional purchase more than twice the size of Wintermute’s transfer suggesting demand from the ETF side is currently absorbing a meaningful amount of sell side supply
The key is whether this divergence persists as broader market liquidity develops