Glassnode just published this chart:
Net Whale Balance Decline of 255k BTC from exchanges since 30 May.
Largest on record.
buying or selling? I don't get it
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Usually means withdrawing to self custody
I believe it’s actually the contrary. This indicates outflows from whales moving their bitcoin from their wallets to the exchanges.
It’s bullish. Whales are removing a lot of BTC from exchanges to their cold storage.
