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 drops nearly $1,000 in the short term, now trading at $93,200 per coin
Trump Turns Against Key Ally, Congresswoman Marjorie Taylor Greene
Bitcoin falls below $94,000 for the first time since May