Jul 21, 2026 2:36 PM
The $686 million Bitcoin outflow isn't the bullish signal you think it is. While supply on exchanges is dropping, $2.3 billion in stablecoins—the "dry powder" needed for a rally—has vanished in 30 days. With the Coinbase Premium Index negative since May, U.S. institutional demand is dead, and capital is fleeing the market entirely rather than accumulating. This isn't a recovery; it's a total liquidity drain. Is Bitcoin actually heading for a crash, or are you still buying the dip?
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