
Bitcoin perps most negative since FTX collapse as BTC continues to be withdrawn from exchanges
Over 15k Bitcoin left exchanges yesterday, while perps are the most negative since FTX collapse
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Over 15k Bitcoin left exchanges yesterday, while perps are the most negative since FTX collapse

In the past two days, Bitcoin withdrawals have totalled up to $350 million, driven by whales

GBTC discount sees improvement, narrows to roughly -40%, up roughly 9% today

Kraken and Gemini see Bitcoin withdrawals by retail users, while Coinbase attracts deposits

Pre-positioning or slight bullish sentiment ahead of the opening argument against the SEC

Institutional or large players are starting to reenter the Bitcoin ecosystem, albeit tentatively.
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