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The amount of Bitcoin withdrawn from exchanges by whale addresses has reached its highest level in 9 years
Bitget2024/08/04 01:15
Despite the ongoing market volatility, the amount of Bitcoin withdrawn by whales from exchanges has reached a nine-year high. Just in July alone, large holders increased their holdings by 84,000 BTC, marking the fastest rate of Bitcoin withdrawal from exchanges since 2015. This is similar to when the price of BTC hit a low around $220.
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