Bitcoin Whale Activity After Trump Election

After the election, there was an increase in the amount of $BTC transferred to exchanges from whale wallet addresses. This may indicate that whales are preparing to sell Bitcoin, but there is no clear sign of them selling yet.

#SOPRIndex: Despite the increase in Bitcoin transfers to exchanges, the adjusted SOPR (Spent Output Profit Ratio) index has not shown significant profit-taking from whales. Therefore, if this index does not increase sharply, it is possible that whales have not sold at a profit.

In fact, dep #Bitcoin on the exchange may be to prepare for other purposes such as insurance, OTC trading, or as collateral.

Whales may be adopting a wait-and-see strategy to review the market situation, not rushing to sell immediately.