New analysis from Glassnode suggests that Bitcoin whales have been increasingly active, accumulating more coins during the underwhelming price performance of Bitcoin in recent months. The aggregate whale balance has declined by approximately 255k BTC since May 30, as observed by Glassnode’s “The Week On-Chain” report. Whale-to-exchange netflows have shown sustained elevated inflows of 4.0k to 6.5k BTC per day during June and July. This trend indicates a significant uptick in whale activity.

AI Sentiment: Neutral