After a 4 week surge in BTC balances on Exchanges, the total is dropping again

The trend we have seen in place for over a year now took a brief hiatus the last few weeks.

Specifically the last 4 weeks.

Over the last 4 weeks we saw the BTC balance on Exchanges start going up for the first time in roughly a year.

Ironically enough this also just so happened to be about the same time period that bitcoin has been getting weaker and weaker...

Coincidence?

Hardly.

Anyways, the brief 4 week trend appears to be reversing as the supply on Exchanges is now falling again:

(Source: https://twitter.com/BTC_Archive/status/1395457384097722368/photo/1)

This actually makes me think the lows are probably in.

We had the freak-out where everyone that wanted out, go out.

Now we can get back to the business of institutions accumulating and moving to cold storage.

Nothing has changed medium term and I fully expect the price to go north of $100k by the end of this year and possibly by the end of July.

This was the last great buying opportunity of this bull market cycle.

Hope you took advantage.