Today, we have again discovered that institutions are rushing to post margin on Deribit... Apart from that, the usually well-behaved Bithumb, which sucks in 100 BTC per day, transferred out 2,000 BTC in the afternoon, worth $134 million 💔 According to their previous historical behavior, this batch of BTC will be distributed in a 'ant moving house' style through multi-level transfer addresses (Figure 2, 3) I have marked the distribution time of the Kimchi brothers' BTC on the BTC's K-line over the past year with blue flags, and observed the following pattern: It is highly likely that after Bithumb starts distributing, BTC will experience a short-term correction or stagnation (Figure 1)

Galaxy, Falcon, and Qcp capital all transferred margin to Deribit today

It's stagflation indeed 😂