A major cryptocurrency platform has been liquidating Bitcoin holdings consistently over the past month. What does this signal? U.S.-based traders, spot ETFs, and corporate treasuries are rotating out of their BTC positions 🤔

Look at the net flow indicators—they've barely turned positive. Just one single day of green, and that was when price briefly broke through $94K resistance.

The real question isn't about short-term volatility. It's whether American institutional demand can flip back to accumulation mode. Until that reversal happens, expect continued distribution pressure on the market.