Bitcoin exchange reserves hit a 7-year low at 2.21M BTC, back to December 2017 levels, right before the first $20K breakout. Sell-side supply is drying up fast. Whales (1K+ BTC wallets) stacked 270K BTC in the last 30 days the biggest monthly accumulation since 2013. Quiet but aggressive buying while price chops. We're grinding between $79K–$82K, rejecting the 200-day MA (~$82,228) twice. Coins keep flowing to cold storage & ETFs. Shorts piling in at the wrong time. Less liquidity on exchanges. Strong hands absorbing supply. When this resolves, it won’t be gradual. Supply shock loading 🚀
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