<ul><li>Significant amounts of BTC and ETH were withdrawn from Coinbase and Binance, indicating substantial institutional interest in the cryptocurrencies for the long term.</li><li>Coinbase’s entrance into the S&P 500 saw a massive withdrawal of thousands of BTC, hinting at strategic moves by large institutions preparing for long positions in Bitcoin.</li><li>Ethereum's trading above its realized price suggests profitable positions for long-term holders, with Binance users actively participating in ETH liquidity despite market uncertainties.</li><li>The Altcoin Season index surged to 31, indicating a shift in interest beyond BTC and ETH, with tokens like FORM, WIF, and MKR driving momentum and attracting investors seeking higher growth potential.</li></ul>

Billions Pulled from Binance and Coinbase, What’s Going On?

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