Folks, one pro tip I recommend for everyone, is to ignore all commentary related to exchange balances that isn't coming from a serious professional analyst (even then, question it...). Few data providers do a good job tracking the wallets, few analysts understand the data, and what is available is almost exclusively noise and click bait. The nuances are beyond ridiculous, and the problem is endlessly dynamic. inflows, outflows, balances and supply squeezes. It has no relevance to price or the market, and should be ignored in the vast majority of circumstances. Don't whale watch kids.