3,000 BTC moved but not deposited on exchanges – a positive signal!
🚨 Bitcoin: The LTH-SOPR index peaks, long-term whales "wake up"!
On August 16, the Long-Term Holder SOPR on CryptoQuant surged to 4.6, the highest level in the past 30 days. This is a signal that a significant amount of long-held BTC is being sold or moved with substantial profits.
Coincidentally, at the same time, a whale wallet that had been "hibernating" for 5 years suddenly moved 3,000 BTC (~353 million USD) to a new wallet. Importantly, there are no signs of BTC being deposited on exchanges; it is likely that this is merely a move to enhance security and restructure the wallet.
👉 This development shows that the market is becoming more active thanks to the actions of long-term wallets, while also providing reassurance to investors as there has been no sign of panic selling from whales.