Whales are withdrawing bitcoin from exchanges. What's next?
Another signal that the bottom has been reached was the change in strategy of wallets with balances between 1,000 and 10,000 BTC. They began to withdraw coins from trading platforms - hence, they do not plan to sell them right now.
According to Ali Martinez, about 40,000 bitcoins were withdrawn from the exchanges. Over the week, whale address reserves grew by 30,000 BTC, and they accumulated a total of 5.12 million coins. Bitcoin's exchange balance dropped to 1.93 million BTC.
