The article discusses a significant decrease in Bitcoin reserves on exchanges, which has reached a six-year low. Affluent Bitcoin traders are conducting large transactions, with an average of 57,400 BTC per week, each exceeding $100,000 in value. The data also reveals that only 5.8% of Bitcoin is currently held on exchanges, the lowest level since December 17, 2017. Several notable Bitcoin transfers have taken place, including a transfer of $134 million worth of BTC by an unknown “whale” to various wallets. The price of Bitcoin at the time of writing was $26,128.80, showing a minimal one percent increase in the last seven days.
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