whale transactions over the past few months. Notably, the inflow of BTC to exchanges from whales has been remarkably quiet this year, with a current transfer volume of $187 million. Compared to the peak inflow value of $1.82 billion, there has been a striking decline of 85.4%, highlighting the severity of the reduction in whale transactions.
Furthermore, this decline has consequently resulted in a decrease in the overall BTC balance on exchanges. According to theexchange balance metric, the current balance was at its lowest point. It had approximately 2.3 million BTCs held across all exchanges. Furthermore, this translated to the lowest percentage balance on exchanges based on the current exchange balance metric, which stood at around 11.8%.
balance on exchanges, Bitcoin has maintained a healthy flow of activity across different exchanges. The flow metric, which monitors BTC’s daily deposits and withdrawals on exchanges, showed notable inflows and outflows.However, as of this writing, there had been more withdrawals than deposits observed on various exchanges. The total inflow as of this writing exceeded 22,000 BTC, while the outflow surpassed 31,000 BTC.
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