The volume of Bitcoin transferred to exchanges from whale addresses has increased since the U.S. election on November 5th. However, the Adjusted SOPR index has not yet shown significant profit-taking activity. Although the large Bitcoin inflow could create short-term selling pressure, the fact that it hasn't been sold immediately suggests it may be used for other purposes such as risk hedging, OTC trading, or as collateral. This is the "wait and see" strategy of the whales.

While there is no immediate selling pressure, the increased Bitcoin inflow to exchanges could pose a risk of a sell-off in the future. Close monitoring is needed to predict market impacts.