Bitcoin whales are taking profits
Data from CryptoQuant shows that on July 15, the inflow of bitcoins to cryptocurrency exchanges sharply increased from 54,151 BTC to 63.1 BTC. The net inflow was positive, rising by 3.73% to 21.81 BTC.
Analysts speak of high activity among whales, who deposited 1.8 BTC on Binance in one day, with over 35% of transactions exceeding $1 million.
This indicates the whales' desire to secure short-term profits and a high likelihood of a 'healthy correction' in the price of BTC.