$BTC Exchange Outflows Signal Accumulation 📈
Coinglass data shows centralized exchanges net outflowed 6,916.29 BTC over the past 7 days, led by Binance at 13,240.17 BTC, followed by Coinbase Pro (1,100.51 BTC) and Gemini (131.81 BTC). This suggests holders are moving BTC off exchanges, a pattern often interpreted as accumulation or long-term custody.
Is this accumulation setting up the next move -or simply self-custody migration?
$IBIT.ETF #Bitcoin #BTC #OnChain #CryptoAnalysis #CoinVahini
Coinglass data shows centralized exchanges net outflowed 6,916.29 BTC over the past 7 days, led by Binance at 13,240.17 BTC, followed by Coinbase Pro (1,100.51 BTC) and Gemini (131.81 BTC). This suggests holders are moving BTC off exchanges, a pattern often interpreted as accumulation or long-term custody.
Is this accumulation setting up the next move -or simply self-custody migration?
$IBIT.ETF #Bitcoin #BTC #OnChain #CryptoAnalysis #CoinVahini