“The percentage of bitcoin on exchanges continues to decrease. Since the all-time-high at $69,000, Glassnode shows that 42,900 bitcoin has left exchanges,” explained Marcus Sotiriou, analyst at crypto brokerage GlobalBlock, in an email to CoinDesk. “These indicators suggest that as the price has decreased by over 50% over the past few months, whales have been accumulating, whilst short-term holders capitulating.
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