Large holders of the leading cryptocurrency have increased their transfer of coins to exchanges. This may indicate profit-taking amid a rising market, according to CryptoQuant contributor Darkfost.
![[BTC] - Whale to Exchange Flow](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20576'%3E%3C/svg%3E)
![[BTC] - Whale to Exchange Flow](https://forklog.com/wp-content/uploads/BTC-Whale-to-Exchange-Flow-1024x576.png)
According to the expert, the average monthly inflow of the leading cryptocurrency from whales to trading platforms rose from $28 billion to $45 billion between July 14 and 18. This figure was likely influenced by a recent transfer of 80,000 BTC, Darkfost suggests.
The analyst noted that during previous market peaks, inflows exceeded $75 billion, triggering a correction. Current levels remain far from these figures.
In recent days, daily coin inflows to exchanges have begun to decline. If this trend continues, selling pressure in the market may weaken, Darkfost observed.
Upward Trend
According to analysts at Glassnode, all major Bitcoin wallet cohorts, grouped by size, have returned to a state of “near-perfect accumulation.”
All major #Bitcoin cohorts by wallet size are back in near-perfect accumulation mode. Even >10K BTC whales are participating at levels last seen in Dec 2024. The alignment across wallet sizes suggests broad-based conviction behind the current $BTC uptrend. pic.twitter.com/GuRwMVGaob
— glassnode (@glassnode) July 21, 2025
“Even whales holding more than 10,000 BTC are participating at levels last seen in December 2024,” Glassnode emphasized.
Experts believe such alignment in wallet actions across all sizes suggests widespread confidence in the current upward trend of digital gold.
At the time of writing, Bitcoin is trading at 118,257 (+0.1% over the day), according to CoinGecko. Over the week, the asset’s price has fallen by 3%.
On July 14, prices broke through the $120,000 level and subsequently reached a historic high of $122,838.