$BTC SUPPLY IS DRAINING OFF EXCHANGES WHILE LEVERAGE COOLS DOWN 🦈 ⚡

Smart money is quietly pulling inventory off order books as the leverage furnace cools down. 📊 With funding rates easing back and open interest holding steady, the aggressive froth is getting scrubbed clean from the tape. ⚡

Meanwhile, the Puell Multiple is ticking upward toward parity, signaling that miner pressure is evaporating right beneath our feet. 💡 Are you positioned for the next directional squeeze or waiting for confirmation on exchange flows? 👇

⚠️ Not financial advice. Always manage your risk. 🛡️

🏷️ #BTC #OnChain #MarketStructure #Crypto

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