The amount of Bitcoin transferred from exchanges by whales has reached its highest level in 9 years

According to data from Glassnode, despite ongoing market volatility, the amount of Bitcoin transferred by whales from exchanges has reached its highest level in 9 years. Just in July alone, these large holders added 84,000 BTC. This is the fastest circulation speed of Bitcoin on exchanges since 2015, similar to when the BTC price hit a low around $220.