Bitcoin Whale Balance Drops by the Most in a Month: Glassnode

Bitcoin whales generally take advantage of slow market situations to amass additional coins. This tendency remained even amid Bitcoin's recent lackluster price performance, as fresh study indicates a substantial increase in whale activity over the period.

According to Glassnode's newest edition of "The Week On-Chain," the aggregate Whale balance has decreased by around 255k BTC since May 30. This was discovered after separating coins traveling between Whale organizations and exchanges.