Whales move 15,054 Bitcoin worth $1.9B into exchanges today
Key Takeaways
- Whales transferred 15,054 BTC (worth approximately $1.9 billion) to crypto exchanges in a single day.
- This move contrasts with 2024 trends, where whales have been withdrawing Bitcoin for self-custody.
Whales moved 15,054 Bitcoin worth nearly $1.9 billion into crypto exchanges today, according to CryptoQuant analyst JA Maarturn.
The massive deposit contrasts with broader whale behavior patterns observed previously, when large holders typically withdrew Bitcoin from exchanges like Binance and Coinbase to signal long-term holding strategies through self-custody.
Whales have been pulling Bitcoin from major exchanges amid bullish sentiment from ETF developments, with institutional platforms witnessing large outflows to unknown wallets as entities prepare for treasury allocations or long-term positions.
The move represents one of the largest single-day whale deposits in recent months, potentially indicating preparation for a significant sale or strategic repositioning as Bitcoin trades near current levels.
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.
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