Whales are sending more BTC to exchanges than they have in months.

The 7D SMA just hit ~12,000 $BTC one of the highest spikes we've seen since Nov 24.

Now, people will say top is in, but here’s my take:

This isn’t exit liquidity.

It’s rotation.

Altcoins are waking up, and whales know it.

BTC had a huge run. It’s normal to take profits and move into alts.

That’s how every altseason begins quiet profit-taking, then capital flows into smaller coins.

This isn’t fear.

This is positioning.

Smart money always moves first