Key facts: ~31.8k BTC Off Exchanges; ETFs & Self‑Custody; CRYPTO:BTCUSD $77k+

Exchanges saw net withdrawals of ~31,782 BTC (~$2.52B) last week; Binance ~19,500 BTC (one day >13,800 BTC), Coinbase Pro ~6,700 BTC, Kraken ~2,816 BTC.BTCUSD saw retail-sized holders move coins off exchanges into self-custody while institutions routed funds into US spot Bitcoin ETFs, showing simultaneous exchange outflows and ETF inflows.BTCUSD sits above the True Market Mean near $77,000 and above June 2026 realized-price low. If price holds on-chain support, June low would be the shallowest bear-market bottom since 2017.BTCUSD faces major resistance at mean MVRV ~$96,700. Long-term holder supply clusters sit near $84k–$85k; break above $84k opens path to $96.7k, drop below $77k brings near-term downside risk.Michael Saylor urged U.S. banks to custody and lend against Bitcoin, citing Basel’s 1,250% risk weight and calling for regulatory changes and coordinated oversight to enable bank-held BTC and loans.Deribit options for BTCUSD show positive gamma near 95,000 and negative gamma between spot and 92,000, signaling concentrated gamma pockets that may affect dealer hedging and price sensitivity.Inter-exchange Flow Pulse showed a bullish golden-cross vs its 90-day MA for BTCUSD Spot CFD as BTC inflows to derivatives exchanges surpassed the 90-day average.BTCUSD spot CFD inflows have increased and sit above the 90‑day average. Analysts note similar inflow spikes have preceded stronger upward moves, though past signals didn’t always lead to rallies.BTCUSD traded mid-$80k after an intraday high near $87,400; observers noted outflows from crypto funds/exchanges while price stayed in the mid-$80k range.81% of BTCUSD supply hasn't moved on-chain for six months or more; report notes high dormancy but says inactivity alone doesn't set price—market impact depends on demand vs active supply.This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.