🚨 $355M $BTC Just Hit Exchanges — Whales Are Selling
In the last few hours, 3,900+ BTC worth about $355M moved straight into exchanges like Coinbase Prime, Binance, and Nexo. These aren’t random wallet moves. These are exchange deposits, which usually means sell pressure or hedging.
The timing matters. This is happening just before today’s CPI release, when volatility risk is already high. Whales often reduce exposure ahead of big macro events, and this flow fits that pattern.
Several whale clusters sent large amounts into Coinbase Prime, an institutional venue. One cluster alone moved 1,000+ BTC in a short window. That’s deliberate positioning, not noise.
Derivatives are cautious. Funding briefly flipped negative, and open interest is rising while price struggles. That tells you leverage is building, not strong spot demand.
BTC also made a small bounce after these deposits. When price jumps slightly while supply hits exchanges, it’s often short-term positioning, not real buying — especially before CPI.
👉 Simple logic: if CPI comes hot, this supply can push price lower fast. If CPI comes cool and BTC absorbs this selling, then strength is real.
✅ My take: this is risk management and distribution, not bullish confirmation. CPI will likely decide the next move.
What’s your view — defense before CPI, or liquidity before the next leg?
Keep thinking.
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