Opinion: Bitcoin Whale Accelerates Transfer to CEX, Signaling Potential Capital Rotation or Profit-taking Trend

BlockBeats News, July 18th, Glassnode published a post stating that the speed of Bitcoin whale transfers to exchanges is increasing. The 7-day moving average is approaching around 12,000 BTC — one of the highest transfer volumes this year, comparable to the surge in early November 2024. Although still below last year's peak, this likely indicates a trend of capital rotation or profit-taking.