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DeFi Lava - Eruptions Newsletter 10-19-22

In the last week, over 48,000 Bitcoin (approx. $921 million) were moved off of exchanges as financial institutions buy the dip.


The last time this happened was in June when Bitcoin made it's alleged bottom at $17,500 per coin, when over 68,000 Bitcoin (approx. $1.3 billion) were moved off of exchanges. Bitcoin proceeded to pump from the bottom up to $25,000 per coin in the wake of this buying spree.


Will history repeat itself?



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