Post #7685

🥷$BTC reserves on exchanges are at a 7-year low. This isn’t just retail stacking. Institutions have been draining supply all cycle, moving coins off CEXs into cold storage, ETFs, and treasuries. ➡️ Supply on exchanges keeps trending down while price holds near highs ➡️ Institutional flows are locking up liquidity faster than in past cycles ➡️ With less BTC available on CEXs, order books thin out and volatility sharpens The lower the reserves go, the closer we get to the part everyone pretends they saw coming. 🐴Powered by White Horse