Bitcoin Whale Transfers to Exchanges Surge, Approaching Yearly Highs

According to BlockBeats, Glassnode has reported an acceleration in the rate at which Bitcoin whales are transferring their holdings to exchanges. The seven-day moving average is nearing 12,000 Bitcoins, marking one of the highest transfer volumes this year. This surge is comparable to the spike observed in early November 2024. Although the current figures remain below last year's peak, this trend may indicate a shift in capital or profit-taking activities.