2026-01-11 05:20:56

Curious observation.

Fact 1
On Binance, there is anomalous activity in the WBTCUSDT pair:
$17.69 billion in volume over 6 minutes.

Important
WBTC is wrapped BTC (1:1).
Such volumes do not necessarily move the price of Bitcoin.

And indeed:
the BTC price has hardly changed.

What this means in practice
• This is not retail buying
• This is arbitrage / rebalancing / hedging through derivatives
• Large volume ≠ net directional demand

Fact 2
Simultaneously, there is a cumulative BTC inflow to exchanges (CryptoQuant):
• Since January 9: ≈26,800 BTC
• Plus January 8: ≈7,000 BTC
Total: ≈33,800 BTC (≈ $3 billion)

Why this is important
BTC inflow to exchanges = liquidity preparation.
This is a real risk factor, not just the volume in WBTC.

The overall picture
• Large-cap activity in WBTC without a directional impulse
• BTC price is stable because the flow is hedged
• Meanwhile, the supply of BTC on exchanges is increasing

Conclusion
The market is now read not by candles, but by flow structure.
An impulse is coming soon, and not just one.
Two tasks need to be solved.
Confuse the crowd, and sell off 33,000 BTC:

WBTC-0,12%

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