I tend to follow the action on Binance as they are the crypto giant with BTC spot trading of $28B/day compared to #2 Coinbase at about $6B/day. Binance Derivatives market is huge at roughly $73B/day with the next largest (OKEx) at $19B. Over the past 24 hours to Sunday afternoon, a shift from inflows to outflows has occurred at Binance and other sites. If this trend continues, we should see a bounce back in price sometime overnight. The 'buy the dip' mentality is in play but we still need more institutional buyers to show up. Without a Spot ETF approved by the SEC, institutions have been slow to respond. Transactions are continuing the slow rise and available supply is starting to drop again, now at 2.298M, so these trends will help the rise in BTC price.

Sudden BTC drops are tough to take and I blame Gary Gensler/SEC for these BTC fluctuations by his approval of the Futures ETFs (derivatives) instead of allowing a Spot ETF approval. A Spot ETF would have many institutional buyers coming in and this would help create a more stable BTC environment. He knows this. He has become a puppet for the large financial institutions who are all too happy to point out BTC instability. Gensler has been a real crypto disappointment.$Marathon Digital Holdings Inc(MARA)$