Whales Withdraw 11,422 BTC From Exchanges Over 5 Days, ~$700M Worth

BTC0.82%
On-chain data indicates that large holders withdrew 11,422 BTC from exchanges between June 5 and June 9, representing approximately $700 million in value moving to private wallets. The withdrawals, which peaked near the local price bottom when Bitcoin traded around $60,000, were accompanied by a rise in the Exchange Whale Ratio to 61.6%, suggesting significant participation by large investors during the period of selling pressure.
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