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Opinion: Bitcoin Whales Speed Up Transfers to CEX, Possibly Indicating Capital Rotation or Profit-Taking Trend

Summary: According to reports, Glassnode stated that the speed at which Bitcoin whales are transferring to exchanges is increasing. The 7-day moving average is approaching around 12,000 BTC - one of the highest transfer volumes this year, comparable to the surge in early November 2024. Although still below last year's peak, this likely indicates a trend ...

According to reports, Glassnode stated that the speed at which Bitcoin whales are transferring to exchanges is increasing. The 7-day moving average is approaching around 12,000 BTC - one of the highest transfer volumes this year, comparable to the surge in early November 2024. Although still below last year's peak, this likely indicates a trend of capital rotation or profit-taking.

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Link: Opinion: Bitcoin Whales Speed Up Transfers to CEX, Possibly Indicating Capital Rotation or Profit-Taking Trend [Copy]

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