I didn't realize that the supply has been constantly decreasing on the exchanges. I personally am wondering whether or not the large institutions behind the large drops are purposely doing it to force retail out of their positions. Then after they are out, they can just buy back the BTC they sold at a lower price for the next run. It tends to happen a lot on the traditional stock market.
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Large corporations are just buying BTC and storing it in cold wallets.
They are accumulating BTC.
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