More than 11,000 Bitcoin left exchanges as large holders absorbed panic selling, a sign that coins were shifting from weaker to stronger hands.
Bitcoin whale activity dominated buying around the $60,000 market bottom, with the Exchange Whale Ratio reaching 61.6%. More than 11,000 Bitcoin were withdrawn from exchanges as large holders absorbed panic selling, indicating coins were moving from weak hands to strong hands. In market structure terms, exchange outflows often suggest investors are transferring assets into self-custody or long-term storage rather than preparing them for immediate sale.