From Cointelegraph

August 2, 2024 7:20 PM:

Bitcoin whales have moved a significant amount of coins off exchanges, reminiscent of a similar movement in 2015 when BTC was priced around $220.

This massive transfer of Bitcoin by whales off exchanges could signal a potential price movement or consolidation in the cryptocurrency market.

The movement of a large number of Bitcoins off exchanges may indicate that whales are preparing for a period of accumulation or a significant shift in the market.

Read more at Cointelegraph: Bitcoin whale volume from exchanges hits 9-year high as analysts call BTC price bottom