Previous bullruns used to correspond with bitcoin balances of exchanges going up, as retail FOMO used to develop. This bullrun quite the opposite is happening as the price is going up bitcoin is leaving exchanges in droves.This is proof that institutional money is here and obviously they are not going to give custody of their btc to exchanges. (image sourced from typerbole on twitter)
Submitted November 19, 2020 at 01:32AM
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