Is Bitcoin liquidity starting to loosen? Smart money is already in action
On-chain data shows that addresses associated with the Lorenzo Protocol
have deposited a total of 560 BTC to Binance and exchanges 9 hours ago.
This batch of BTC was withdrawn at an average price of $72,835 during October-November 2024,
and selling now is expected to yield a profit of $11.86 million.
Last year, when BTC hit a historical high, their unrealized gains once reached $18.65 million.
Now, smart money has chosen to cash out instead of greedily waiting for the last bit.
