In the past two weeks, the amount of BTC transferred to exchanges has shown an upward trend. Although the increase is not significant, compared to the outflow that not only remains unchanged but is actually decreasing, this portion of selling may be one of the main reasons for the fluctuations in the price of $BTC.
Additionally, more detailed data shows that the BTC reserves on Binance have been on the rise since the last major whale sell-off event, while the reserves on Coinbase have been completely opposite, with the recent consumption mainly coming from the reserves of European and American exchanges dominated by Coinbase.
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