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Quite spectacular at the price we are at and how low the financing rates for futures are compared to other cycles.

And on the other hand the Bitcoins coming out of the exchanges like in no other cycle.

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Supply and demand 🤩

Which exchange spent the current equivalent of $60B keeping the price low?

Which one?

How much is left on exchanges?

According to the second image, 2.5M. What you really want to know is how much the one dumping it has left. $60B is a lot of B.

Yeah, it's a lot of Bitty and surprising go dump it all for fiat.. make it make sense!

Primarily Coinbase Advanced. They have 800k left

How do you know it was Coinbase?

My god, that's a huge drop

TBF, it could be a Coinbase client. Still, *someone* is burning a lot of value.

Strange to try and keep the price lower

In finance nothing is "strange"