Bitcoin “Wholecoiner” Activity Is Dropping Fast

[chainsniff]

On-chain data shows that large Bitcoin holders — often called “wholecoiners” — are sending far fewer coins to exchanges than in previous years.

Monthly flows on platforms like Binance have dropped dramatically compared to 2021 levels, signaling a major shift in behavior. Fewer large holders are selling, and more supply is staying off exchanges — a trend that typically reduces selling pressure and tightens available liquidity.

[etfs]

feels like classic supply squeeze setup tbh. less coins on exchanges usually means volatility is coming, just not clear which direction yet