Last night, BTC was dumped into today.
Most of it was transferred to exchanges and sold using TWAP (5-minute small steps with bearish candlesticks = continuous dumping of TWAP spot).
For the transfers to exchanges, roughly estimated: Binance 60%, OK, BYBIT, BITSTAMP each a little over 10%.
(Institutions certified with good liquidity exchanges, meeting expectations)
(Those not transferred to Coinbase or Kraken might have requirements regarding the source of funds; this BTC from Galaxy might come from someone with an undisclosed identity.)
Then, another part was sold OTC, mostly transferred to new chain wallets, just like I mentioned, new wallets have their advantages.
Currently, after excluding the base position, there are still 9,000 BTC left, allowing for a V reversal after the dump.
115,200 long positions are in floating profit.
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