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The amount of Bitcoin transferred from exchanges by whales has reached its highest level in 9 years

The amount of Bitcoin transferred from exchanges by whales has reached its highest level in 9 years

Bitget2024/08/03 09:25

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.

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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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