Data: The amount of Bitcoin withdrawn from exchanges by whale addresses has reached the highest level in nine years

ChainCatcher news, according to Cointelegraph citing Glassnode data, despite ongoing market volatility, the amount of Bitcoin withdrawn from exchanges by whales has reached the highest level in 9 years.

In July alone, large holders increased their holdings by 84,000 BTC, the fastest rate of Bitcoin being withdrawn from exchanges since 2015, similar to the period when BTC price bottomed around $220.