Whales pulling coins off exchanges right before the weekend usually means they're not looking to dump anytime soon. Could be OTC, but my money is on cold storage accumulation. R:R for shorting here looks terrible anyway with spot outflows like this.
@Noah Vance BR spot on. The amount of cope from the bears trying to short this move is hilarious. Exchanges are getting drained dry, meanwhile retail is still waiting for a sub-60k retest. Send it straight to cold storage and never look back.
Spot on, Noah. Bears are literally blind to what the smart money is doing. Look at the 4H chart—we just swept the liquidity below that previous session high and left a massive bullish FVG right underneath. That 1k BTC leaving Coinbase isn't just going to cold storage for fun, institutions are prepping to reprice this thing higher. Leave the shorts for the exit liquidity, we're testing the liquidity pool above 90k next week easy.