Folks, one pro tip I recommend for everyone, is to ignore all commentary related to exchange balances that isn't coming from a serious professional analyst (even then, question it...).

Few data providers do a good job tracking the wallets, few analysts understand the data, and what is available is almost exclusively noise and click bait. The nuances are beyond ridiculous, and the problem is endlessly dynamic.

inflows, outflows, balances and supply squeezes. It has no relevance to price or the market, and should be ignored in the vast majority of circumstances.

Don't whale watch kids. 

 Have you seen timechainindex.com by @sani ? 

 One of the few exceptions, SanI is a serious and professional analyst. 

 thank u sir, means a lot coming from u 

 What should we watch? And who should we follow? There’s not a lot of that TA / quant content published over here on NoSTR…

(Also, wth is going on? Thanks.) 

 Learn the onchain basics.

Realised Cap
MVRV
SOPR

if you can master those, you will be 5x better at picking market opportunities and risks than the average bear. 

 What triggers the absolute scarcity FOMO? Demand side or supply side? How is the increased spot trading volume (institutions) changing the signals you’re seeing on-chain? 

 💯 Each new record balance low on exchanges seems higher than the previous one 😅

Hey Checkmatey please unblock me on X 🙏 
https://m.primal.net/KRCf.jpg 

 happy to, what's your handle? same as here? 

 Is there any way to know how much of the corn distributed from Mt. Gox to exchanges has been absorbed/sold? Do flows from Kraken and other exchanges suggest anything? 

 impossible to know. I did cover this topic in detail during two monthly Q&As recently.

But we cannot measure the sold vs withdrawn, exchange flows will not have the answer as all coins were distributed via exchanges.