On April 23, #XRPETF 4, over $600 million worth of BTC was transferred from whale wallets to exchanges, setting a record for the highest single-day inflow of BTC in weeks. Previously, the BTC/GBP currency pair saw a breakout, triggering a massive short squeeze. The large transfer of BTC may reflect a situation where, if selling pressure intensifies, later bullish entries could face downside risks.