Crypto surge may be at hand.

[Pauldesaints]

HERE’S WHAT’S DRIVING THE CRYPTO SURGE RIGHT NOW:

• Binance added 10,265 BTC
• Coinbase picked up 7,881 BTC
• Wintermute accumulated 4,488 BTC
• Kraken acquired 2,537 BTC
• Large wallets scooped 21,195 BTC

Exchanges, institutions, and big players collectively grabbed over $5B in Bitcoin in a single day.

This kind of synchronized accumulation doesn’t happen by accident.
Something big is clearly unfolding 👀🔥

[cr1776]

HERE’S WHAT’S DRIVING THE CRYPTO SURGE RIGHT NOW:

• Binance added 10,265 BTC
• Coinbase picked up 7,881 BTC
• Wintermute accumulated 4,488 BTC
• Kraken acquired 2,537 BTC
• Large wallets scooped 21,195 BTC

Exchanges, institutions, and big players collectively grabbed over $5B in Bitcoin in a single day.

This kind of synchronized accumulation doesn’t happen by accident.
Something big is clearly unfolding 👀🔥

I guess time will tell, but how did they "add" and "pick up"?  Were people moving to the exchanges or what. :-)

[arzuo]

Maybe some major activity is coming in the crypto market. It may happen for the following reasons:

1. The market can get more shocking news.

2. The market can dump or go up more within a short time.

3. Some important world political news from world-leading countries like the USA, Russia, or China

4. Any hacking activity and exchange issues may be coming.

Note: It is only my opinion based on over 7 years of crypto market experience; do not take it seriously.

[john_egbert]

Nothing more than the adoption that we (on the Forum) already speak about in abundance.

You will see bigger digits than that.

[Bitcoin_Arena]

I mean, it's not like they are picking the Bitcoin out of thin air. It is still the same Bitcoin that is in circulation that is going in and out of exchange wallets. Nothing spectacular here. There are those who will sell, and then there are also buyers, just like the market always works.

The question you should ask yourself is, why are the big players/actors rushing to invest in Bitcoin yet they weren't bothered to do so about a decade ago?

[BitMaxz]

I agree to the post above me. What I see here, they just got refilled; that's a normal thing that exchanges do if their wallet is running out.
Since they are exchanges, the data is the amount of BTC sold from those exchanges, and claiming they are accumulating. It would still be circulating on exchanges, and I don't think it is a sign of bullish or something. I am more confident in the fundamentals that came from the news related to the global economy.

[DeeppRockk]

I agree to the post above me. What I see here, they just got refilled; that's a normal thing that exchanges do if their wallet is running out.Since they are exchanges, the data is the amount of BTC sold from those exchanges, and claiming they are accumulating. It would still be circulating on exchanges, and I don't think it is a sign of bullish or something. I am more confident in the fundamentals that came from the news related to the global economy.

Refills are noise. Fundamentals drive BTC long-term - global economy news is what matters to what's coming.

Seen this too many times - wallet hype fades, fundamentals stick around and push the further than anything else.

[Josefjix]

Where is the link to this news, how will I believe in it, I've seen many of these types of information which ends to be fake, I'll be glad to get the source of this information so I can read through and understand it clearly myself.

[DeeppRockk]

Where is the link to this news, how will I believe in it, I've seen many of these types of information which ends to be fake, I'll be glad to get the source of this information so I can read through and understand it clearly myself.

The post (in my opinion) is missing the key metric - net inflows vs gross movements.

Exchange wallets shuffle BTC constantly, but institutional accumulation is tracked by net inflows into custody wallets, like those CryptoQuant monitors.

Routine activity doesn't count as accumulation. Unless you're looking at net inflows, it's just noise.

[GreatArkansas]

I'm curious about Wintermute. When people say they've "accumulated", it might be that they'll also use those Bitcoins for their customers, since they're a liquidity provider. They can also sell the Bitcoin they supposedly "accumulated." You can even buy Bitcoin from them via OTC.

Unless they actually have a Bitcoin treasury that they hold for the company itself.

My point is that this isn't the same as personal Bitcoin wallets that acquire Bitcoin and store it with the intention of holding it long term. Especially when you see exchange outflows, that's when you can really say it has a positive effect on Bitcoin's price.

[SeriouslyGiveaway]

I'm curious about Wintermute. When people say they've "accumulated", it might be that they'll also use those Bitcoins for their customers, since they're a liquidity provider. They can also sell the Bitcoin they supposedly "accumulated." You can even buy Bitcoin from them via OTC.

Unless they actually have a Bitcoin treasury that they hold for the company itself.

My point is that this isn't the same as personal Bitcoin wallets that acquire Bitcoin and store it with the intention of holding it long term. Especially when you see exchange outflows, that's when you can really say it has a positive effect on Bitcoin's price.

Customers have need of purchasing bitcoins and the other times they will have need of selling bitcoins for money. If Wintermute "buy/ accumulate" bitcoins on behalf of their customers, it's more relevant to consider their actions as buying, not as accumulating because they don't have plan of holding those bitcoins a long time. It's not Wintermute investment and they have no plan of holding at all, while their customers can request Wintermute to buy or sell bitcoins anytime.

What is accumulate?

[GreatArkansas]

I'm curious about Wintermute. When people say they've "accumulated", it might be that they'll also use those Bitcoins for their customers, since they're a liquidity provider. They can also sell the Bitcoin they supposedly "accumulated." You can even buy Bitcoin from them via OTC.

Unless they actually have a Bitcoin treasury that they hold for the company itself.

My point is that this isn't the same as personal Bitcoin wallets that acquire Bitcoin and store it with the intention of holding it long term. Especially when you see exchange outflows, that's when you can really say it has a positive effect on Bitcoin's price.

Customers have need of purchasing bitcoins and the other times they will have need of selling bitcoins for money. If Wintermute "buy/ accumulate" bitcoins on behalf of their customers, it's more relevant to consider their actions as buying, not as accumulating because they don't have plan of holding those bitcoins a long time. It's not Wintermute investment and they have no plan of holding at all, while their customers can request Wintermute to buy or sell bitcoins anytime.

What is accumulate?

Yeah, that makes sense. Why I said this and became curious is also because I keep seing these kind of news, especially in other companies like Blackrock, which we all know has a Bitcoin ETF.
There was a time in the past when news about Blackrock always acquired new Bitcoin, but the price of Bitcoin during that time was dumping.

But I understand your points, there are more buyers than sellers if they "accumulate" more as they want to cater to more customers that asking for more Bitcoin.