🚀🚀Bitcoin Whales Collected More than 80,000 BTC in July, Signaling Market Shift🚀🚀

Despite recent market fluctuations, Bitcoin whales accumulated 84,000 BTC in July. This situation shows that there is a significant amount of net BTC transfer from exchanges and a change in market dynamics. These transfers in July represent the largest net negative stock market position change since 2015.

In July, Bitcoin whales collected 84,000 BTC, marking a significant shift despite the market's current fluctuations. Large BTC holders continue to withdraw more BTC from exchanges no matter how much the prices fluctuate. According to Glassnode data, only 64,000 BTC was transferred to private wallets last month. This is the largest net BTC decline on exchanges in the last nine years and is reminiscent of market movements in September 2015, when Bitcoin fell to $220.

CryptoQuant CEO Ki Young Ju emphasized the importance of these large-scale transactions. Currently, wallets with more than 1,000 BTC accumulate more than 100,000 BTC weekly. This accumulation takes place between spot ETFs and custodial wallets and totaled 1.8 million BTC during the year. This trend represents a significant increase compared to only 70,000 BTC flowing into the same type of wallets in 2021.

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