The flow of capital is ultra important.
In this case, capital is BTC. The fact it is moving from exchanges to longer term holding places means that people are securing it.
This is not surprising considering some of the entities that are buying larger shares. They are probably cleaning out the exchanges.
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Most Definitely the flow is very important. The mass securing as you said its a great sign, when it's at these levels it is saying a lot.
What is interesting is these larger players are naturally doing OTC, either that is trickling into these exchanges or larger retail is buying and hodling.
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