The highest#Bitcoinoutflow from Deribit exchange in the last 2 years took place.

Yesterday at 14:11, 4,500 Bitcoins exited the Deribit exchange. Deribit is a derivatives exchange that is famous for its options in this sector. There are effects on the price at the entrance and exit points. I have examined it myself, let's take a look at the details together.

First of all, there are 4,500 Bitcoins in this wallet. Let me leave the address for those who want to follow their next movements.

Address: bc1q8v48r2tkhue7xucf2tjsrnz728570x287epydv

On the Deribit exchange, outflows were generally after sharp declines and there were inflows before the declines, which kind of smells like insiderism. Recently, there was a 3K entry at 65K, and not long after, the price dropped below 60K, so we will examine together a metric that we need to take into consideration.

The latest releases on the Deribit side;

A peak of around 5K was reached on June 12, 2022,

Up to 3K on November 10, 2022,

Also, yesterday (June 25, 2024) 4,500 units were released.

I showed the details on the metric I got from CryptoQuant. High outflows occurred in periods when the price was close to the bottom zone, sometimes there were deviations of 1-2K, and minor outflows sometimes occurred in the top areas of the metric and were misleading.

Although this direct does not mean that the bottom has been found, it may be an additional sign of recovery in a short time compared to the previous 3 highs.