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Whales Transfer Bitcoin and Ether Holdings To Exchanges, Is A Price Correction Imminent?

  • Crypto whales are transferring assets to popular centralized exchanges, indicating a short-term correction may be imminent.
  • The Royal Government of Bhutan transferred 365 BTC worth $33.1 million to Binance, sparking debates in the crypto circles.
  • Two crypto whales deposited 11,286 ETH worth $36 million on Binance, adding to the exits recorded in Bitcoin.
  • Bitcoin experienced a slight correction after reaching an all-time high, but on-chain factors suggest a positive outlook for the asset.

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