The amount of Bitcoin transferred from exchanges by whales has reached its highest level in 9 years
According to data from Glassnode, despite ongoing market volatility, the amount of Bitcoin transferred by whales from exchanges has reached its highest level in 9 years. Just in July alone, these large holders added 84,000 BTC. This is the fastest circulation speed of Bitcoin on exchanges since 2015, similar to when the BTC price hit a low around $220.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin OG opens 5x ETH short position worth $15.04 million
Current mainstream CEX and DEX funding rates indicate the market remains broadly bearish
The Crypto Fear Index rises to 28, escaping the "Extreme Fear" zone
Analyst: The current macro environment is similar to the pandemic period, and bitcoin still has room to rise
Trending news
MoreCrypto prices
More
