BroadChain Financial, as reported on August 4th by Cointelegraph, despite ongoing market volatility, the number of Bitcoins withdrawn from exchanges by whales has reached the highest level in nine years.
In July alone, whale holders increased their Bitcoin holdings by 84,000 coins, marking the fastest rate of Bitcoin withdrawals from exchanges since 2015, reminiscent of a period when Bitcoin prices dipped to around $220.
Whale Withdrawals of Bitcoin from Exchanges Reach Near 9Year Peak
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Whale Withdrawals of Bitcoin from Exchanges Reach Near 9Year Peak