The 2011 BTC whale has been sending out huge amounts of BTC to Galaxy Digital today. Part of those coins are directly being sent to Bybit & Binance deposit addresses. To put into perspective, the Germany BTC sale was about 50K BTC at a 50K price level. This is about 90K BTC with price at 120K. I do think there's a lot more potential OTC demand now but it's not just something you'd absorb easily if it were all to be sold off over a few weeks time. Will keep monitoring 🫡