@mando
Blockchain data is showing something interesting.
Over the past 24 hours, five major institutions made the same move:
• Coinbase: Acquired 8,579 BTC ($529M)
• Binance: Acquired 5,096 BTC ($314M)
• Strategy: Acquired 3,978 BTC ($245M)
• ARK Invest: Acquired 3,058 BTC ($189M)
• Wintermute: Acquired 3,058 BTC ($189M)
In total, 23,769 Bitcoin were withdrawn from the market —
worth approximately $1.5 billion.
These numbers are reminiscent of November 2020, when similar institutional accumulation took place. Six months later, Bitcoin reached a new all-time high.
A similar pattern appeared again in January 2023 — twelve months later, another peak followed.