According to data from Glassnode, whale entities (holding at least 1,000 BTC) have withdrawn approximately 100,000 BTC from exchanges in the past two weeks, marking a trend that has continued almost non-stop for 14 days. These transactions only involve direct transfers from the exchange wallet to the whale entity.
The increase in whale activity began around January 16, shortly after Bitcoin suffered a 7.5% one-day drop, its largest one-day drop since the FTX crash in November 2022. Notably, these whale entities grew from 1,513 to 1,563 during this time period, nearly offsetting the decline in whale entities in 2022. (CryptoSlate)