Whales ramped up inflows to the exchanges by 60% in a week

Whale investors have started sending cryptocurrency to exchanges more actively – according to a CryptoQuant analyst under the nickname Darkfost, this could indicate a correction is coming. He notes an increase in average monthly inflows of digital assets from $28 billion to $45 billion between July 14 and July 18, citing blockchain data and a recent transfer of 80,000 BTC.

The analyst reminds that at previous price peaks the inflow exceeded $75 bln, which was followed by a sharp decline in prices. Although current volumes are still below historical maximums, profit taking is possible, especially after reaching a new price record last week.

According to Glassnode data, large holders are still maintaining an accumulation strategy. All wallet groups – from small wallets to “whales” with more than 10,000 BTC – continue to increase balances, as they did in December 2024.

Such unity in actions of different categories of investors can testify about continuing bullish trend, consider in analytical firm. Nevertheless, there is still a risk of short-term volatility on the background of growth of activity on stock exchanges.

According to CoinGecko, there are now 118,257 BTC in circulation, up 0.1% overnight. Despite the recent record of $122,838, the bitcoin exchange rate fell by 3% over the week.