Since US election on November 5, we observed an increase in the volume of Bitcoin transferred to exchanges by active whale addresses. However, the Adjusted SOPR metric does not yet indicate significant profit-taking activity. While the large inflow of Bitcoin suggests a potential for short-term selling pressure, the fact that these assets have not been immediately sold implies they may be intended for other purposes, such as hedging, OTC transactions, or collateral. This behavior reflects a "wait-and-see strategy" being employed by whales at the moment.
In conclusion, although there is currently no immediate selling pressure, the rising inflow of Bitcoin into exchanges highlights a potential risk of future sell-offs. As such, these movements should be closely monitored to anticipate any possible market impact.
Written by onatt
