1/7 Buyers of #Bitcoin with intent to #hodl move #BTC away from exchange -> cold-storage wallets and yesterday we were alerted that 60,000 #BTC 'outflowed' in a single block.

This would be bullish on an unprecedented scale, but is dangerously false instead and here's why… 👇 2/7 First note @Binance responsible for unusually large proportion of the move. I tracked the txs via the alert timestamp and it appears the wallet originally contained 89K #BTC since 2020. 89K #BTC was split up into various @Binance cold-storage wallets—all internal.

1/3 Rather than lies sent to psyop you out of your #Bitcoin or get your trading position rekt, I will only give you verifiable data you may find of value.

This is the main @binance 'market' wallet: bitinfocharts.com/bitcoin/addres… … 👇 2/3 The waller received >13,000 #BTC, accumulated over the last 7 days.
Today you can clearly see @binanace, and this very wallet was biggest spot unloading (see images).

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1/8 Two #Bitcoin moves have signalled PERFECT local top signals, but it's argued between on-chain data analysts what these should be labelled.
'It's internal.' – @glassnode vs. 'It's @Gemini inflow.' – @crypto_quant (concerning) vs. @OKEx(?) … Who's right?! Lets get into it.👇 2/8 #Bitcoin 1st hit $58K past 30d it retraced, coinciding with a ~27K #BTC move. Same thing happened early this morning – into exactly the same wallet. With such a single large amount of coins the labelling of the wallet is key to what to expect next in the market, short-term.