BTC inflow from whales to exchanges reached $45 billion — a signal to take profits?
From July 14 to July 18, the average monthly inflow of bitcoins from whales to exchanges increased from $28 billion to $45 billion, against the backdrop of a new ATH — $120,000.
📌 What is happening:
— The 30-day inflow volume increased by $17 billion, but it is still below the peaks of the previous cycle ($75 billion)
— After the spike, the daily inflow sharply declined — possible profit-taking
— The movement of ~**80,000 BTC** is associated with an attempt to sell at the local peak
📊 Historically, such spikes have been accompanied by:
— corrections
— consolidation
— increased market fear among retail investors
📌 Key point — the trend is slowing down.
If major players stop withdrawing to exchanges, selling pressure may ease, and the market may stabilize in an accumulation phase.
A correction is likely, but so far there are no signs of mass capitulation.