Bitcoin whales flowing to the exchange of encryption – what drives the increase? star-news.press/wp

Bitcoin leads this accusation of its last upward performance, and it may cause it The increasing recognition of the Crypting King as a major asset Inside the financial sector. It seems that the recent progressive procedures of BTC have led to large deposits from big investors to exchange encryption.

Senior holders transport bitcoin to exchanges

While bitcoin proved GatheringAnd a disturbing trend between whales or senior holders has been observed. Darkfost, market expert and authorized author, shared a report on X open These BTC whales are moving again, with a sharp rise in large -scale flows to exchange encryption.

This height of whale flows to encryption exchange of activity regeneration signals between the main BTC holders. Such development usually occurs before increasing market fluctuations because large quantities of bitcoin that are transferred to stock exchanges may indicate the upcoming sales or re -identifying their deliberate position.

According to the market expert, more than 75 billion dollars occurred in flows at the last market summit, indicating the beginning of the correction and monotheism phase. Development raised concerns about the sustainability of the continuous upward trend due to the danger of capabilities Selling operations.

Nowadays, average monthly flow Whale It increased from 28 billion dollars to 45 billion dollars, a large increase of $ 17 billion. Darkfost data has revealed that this sharp increase in flows has been recorded within 4 days, especially from 14 to 18 July.

Darkfost indicated that this increase has arisen before The last movement from 80,000 BTC To exchange. Meanwhile, the whales appear to have benefited from Bitcoin gathering to the new ATH to lock some profits. Historically, the large flows of encryption exchanged the big step for Bitcoin, making the continuous direction to a critical intersection.

In daily flows, the expert set a clear decrease, which is believed to be carefully monitored, as whales have the ability to apply strong sale pressure, as shown in my last two halls. If this trend continues, Darkfost is sure that the total sale pressure may be reduced.

High profits or capital rotation?

Glassnode, which is a leading series in the series and a financial platform, I mentioned Bitcoin whales to exchanges are accelerated on a simple 7 -day moving average (SMA). this High transfer volume It indicates a possible transformation in market dynamics and a feeling among high networks.

The report showed that SMA for a period of 7 days approximately 12000 BTC, which is one of the largest volumes this year and similar to the peak in early November 2024. However, it can be an indication of capital rotation or high profits between these big investors.

Distinctive photo of Pixabay, Chart from TradingView.com

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