Crypto HeadlinesRecord Bitcoin Outflow from Exchanges and Whale Accumulation
A record volume of Bitcoin was withdrawn from cryptocurrency exchanges over the past seven months. The net outflow amounted to 24,073 BTC, valued at approximately $2 billion. The share of coins held on exchanges dropped to about 6.5% of the total supply.
Major Players Continue to Accumulate Positions
While retail investors are taking profits, whales with balances ranging from 10 to 10,000 BTC are actively buying the asset. Over the last three weeks, they have accumulated an additional 86,702 BTC worth $7.3 billion.
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