#exchangedrain
exchangedrain
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๐จ 41,700 BTC ($3.3 billion) just left Binance in 7 days โ the biggest single outflow in 3 years
Plus 430,000 $ETH exiting in 7 weeks (Binance at 6-month low), and $XRP : 101M left Binance while 90M flowed into Korean exchanges (Upbit, Bithumb)
Translation: Weak hands selling/exiting, strong hands moving to cold storage (holding)
When this much supply leaves exchanges, remaining trading volume faces massive pressure โ next move could be explosive
Is this exchange drain an accumulation signal, or just weak hands bailing?
#Bitcoinโ #Ethereum #ExchangeDrain #BinanceSquare
๐จ 41,700 BTC ($3.3 billion) just left Binance in 7 days โ the biggest single outflow in 3 years
Plus 430,000 $ETH exiting in 7 weeks (Binance at 6-month low), and $XRP : 101M left Binance while 90M flowed into Korean exchanges (Upbit, Bithumb)
Translation: Weak hands selling/exiting, strong hands moving to cold storage (holding)
When this much supply leaves exchanges, remaining trading volume faces massive pressure โ next move could be explosive
Is this exchange drain an accumulation signal, or just weak hands bailing?
#Bitcoinโ #Ethereum #ExchangeDrain #BinanceSquare
Plus 430,000 $ETH exiting in 7 weeks (Binance at 6-month low), and $XRP : 101M left Binance while 90M flowed into Korean exchanges (Upbit, Bithumb)
Translation: Weak hands selling/exiting, strong hands moving to cold storage (holding)
When this much supply leaves exchanges, remaining trading volume faces massive pressure โ next move could be explosive
Is this exchange drain an accumulation signal, or just weak hands bailing?
#Bitcoinโ #Ethereum #ExchangeDrain #BinanceSquare
AngelOfCrypto_-:
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