This is the 3rd largest Bitcoin outflow in the exchange’s history.
📉 While large outflows don't automatically signal a price rally, they do indicate strong institutional activity — which often precedes major volatility.
🧠 Historical context:
In 2021, massive outflows didn’t prevent the dump triggered by China’s crypto ban (April–May).
On the other hand, continuous outflows over several days, like during the FTX collapse, signaled a bottom and recovery.
📊 The takeaway?
It's not the single event that matters, but the ongoing reserve trend.
Written by joaowedson
