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🐳 Paus just absorbed 270,000 $BTC in 30 days. Exchange reserves reached the lowest level in 7 years.
Only 2.21 million $BTC are on exchanges — 5.88% of the total supply, the lowest level since 2018.
Meanwhile, wallets holding 1,000+ $BTC quietly accumulated nearly 1.4% of all bitcoin in one month.
Quiet retail. Aggressive whales. This looks like early accumulation — until it’s no longer quiet.
$BTC