Willy Woo: Coinbase shows US selling, Binance builds positions
- —Coinbase CVD fell to -6,659 BTC, a signal of selling by US investors
- —Binance CVD recovered to -5,841 BTC, which Woo sees as accumulation
- —BTC fell from $80,560 to $74,968 after the failed CLARITY Act vote
- —CVD at Bybit, OKX and Bitstamp stood at -582, -1,135 and -764 BTC respectively
Why it matters: The divergence between US selling and offshore accumulation may point to a shift in BTC holders and support prices in the medium term.
Source: PANews