Glassnode said in a post on X that the trend of Bitcoin whale net deposits to exchanges has stopped. The firm said the stretch began in the summer and lasted for more than three months, making it twice as long as other comparable trends seen since 2023. According to Glassnode, the pattern ended in late August, and flows have remained negative since then. The update points to a shift in whale transfer behavior, based on Glassnode’s description of exchange-related Bitcoin flows.
Glassnode said in a post on X that the trend of BTC whale net deposits to exchanges has stopped.
The firm said the trend started in the summer and lasted for more than three months, making it twice as long as other similar stretches seen since 2023. It ended in late August, and flows have stayed negative since then, according to Glassnode.
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