67,000 BTC Exited from Wallets Holding 100 to 1,000 BTC

On July 13, approximately 67,000 BTC net exited from wallets holding between 100 and 1,000 BTC. This marks the strongest exit movement of the medium-sized investor group since February 19. On February 19, a net exit of about 47,000 BTC had occurred. In April, these wallets accumulated over 92,000 BTC net, indicating a behavioral change exceeding 159,000 BTC. On July 13, approximately 2,800 BTC was sent to the Binance exchange, which is below the 3,280 BTC recorded on June 19. Inflows to Coinbase Prime were around 1,690 BTC, while inflows to Coinbase Advanced were about 3,170 BTC. The exits from this wallet group show that the assets were not transferred to exchange platforms at the same rate. Therefore, the entire on-chain distribution movement cannot be evaluated as a direct exchange sale. The data from July 13 does not confirm that the market has reached a bottom, but this exit movement indicates a significant change in the behavior of medium-sized Bitcoin investors.

Disclaimer: This content is provided for general branding and informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online events, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets or to use any services. Crypto assets are highly volatile and may result in loss. WEEX services and online events may not be available in all regions and are subject to applicable laws, regulations, and eligibility requirements. You are responsible for ensuring that your use of WEEX services complies with local laws and for carefully assessing the risks before participating in any crypto-related activities.