The reserves of BTB in exchanges have decreased for the first time during the bull market cycle. Usually, during a bull market, the reserves in exchanges increase in order to sell at a good price during the bull market.
However, it seems that no one intends to sell at the moment. It may also be that the emergence of ETFs has changed this pattern, with large amounts of BTB continuously being withdrawn from exchanges.
Another piece of news is that Lutnik could possibly become the new Secretary of the Treasury in the 🇺🇸, this guy has deep connections with BTB and USDT, and if he comes in, it would be a considerable positive signal.
