Glassnode reports a significant increase in Bitcoin (BTC) deposits to exchanges, signaling that large holders, often referred to as "whales," are beginning to take profits. Over the past week, an average of 12,000 BTC per day has been deposited, marking the highest level seen this year. This pattern mirrors the activity observed in early November 2024, a period preceding a substantial price surge. While increased exchange deposits can sometimes indicate an intention to sell, it can also include other motives such as OTC sales and taking profits. The recent surge in BTC price may be the primary driver of this current trend, as whales capitalize on gains to rebalance their portfolios. This is normal behavior. ```

#BTC