No more BTC left to dump into the exchanges
I was checking out these dumps into the exchanges. Again, this is why you always self custody. There are literally no wallets left that are active that could dump BTC in any meaningful amount into the exchanges even OTC. The last big inflow was April 22nd and 91k BTC. The last 30 days (including the +91k) there have been -103k BTC outflowed off of the exchanges. This is good for long term holders, bad for shorts, and probably not great for day traders (though I am open to being corrected on the last point). Outlfows continue to average about 6500 a week since mid year last year. (before the major ETF investments in August) Curious what the larger community thinks about this. submitted by /u/Darkpriest667 [link] [comments]
| | I was checking out these dumps into the exchanges. Again, this is why you always self custody. There are literally no wallets left that are active that could dump BTC in any meaningful amount into the exchanges even OTC. The last big inflow was April 22nd and 91k BTC. The last 30 days (including the +91k) there have been -103k BTC outflowed off of the exchanges. This is good for long term holders, bad for shorts, and probably not great for day traders (though I am open to being corrected on the last point). Outlfows continue to average about 6500 a week since mid year last year. (before the major ETF investments in August) Curious what the larger community thinks about this. [link] [comments] |
