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- 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
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Viewpoint: The speed of Bitcoin whales transferring to CEX has increased, which may indicate a trend of capital rotation or profit-taking.
BlockBeats news, on July 18, Glassnode stated that the transfer speed of Bitcoin Whales to trading platforms is accelerating. The 7-day moving average is nearing approximately 12,000 Bitcoins - one of the highest transfer volumes this year, comparable to the surge expected in early November 2024. Although still below last year's peak, this likely indicates a trend of capital rotation or profit-taking.