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🚨 There are #Bitcoin withdrawals from derivative exchanges to cold wallets. Most of these $BTC are being transferred profitably.
✍️ It’s good to see these withdrawals as volatility decreases, and the fact that these BTC are likely being bought and stored profitably in the short term indicates they are being accumulated. As long as these $BTC do not enter the spot market, there is no problem. Also, it would be great if we see an increase in stablecoin inflows into the spot market.