The volume of $BTC , incoming to exchanges from whales, has sharply increased, reports analysts from the CryptoQuant platform. According to their data, the average monthly inflow of the first cryptocurrency from large players surged by nearly $17 billion — from $28 billion to $45 billion during the period from July 14 to July 18.

Experts noted that such growth had been recorded before — during the two previous price peaks. At that time, more than $75 billion worth of bitcoins entered the exchange in a month, which became a precursor to a phase of correction or consolidation, added CryptoQuant.

In addition, analysts explained that one of the triggers for such a sharp increase in the indicator could be the movement of 80,000 BTC. They believe that whales may have taken advantage of the new historical high of bitcoin to lock in profits.