Whales are pulling $BTC off exchanges.
By Maxime Laurent · 2026-02-14 11:57
Whales are pulling $BTC off exchanges.
Glassnode shows exchange balances back to Nov 2024 levels — big players are withdrawing, tightening supply.
This is one of those quiet signals I always watch more than green candles. While everyone stares at the price, the whales move in silence 🐋
According to Glassnode, large investors are withdrawing $BTC from exchanges, and total exchange balances have dropped back to levels last seen in November 2024. That’s not noise. That’s structure.
When $BTC leaves exchanges, it usually means one thing: it’s not meant to be sold anytime soon.
Coins on exchanges = potential sell pressure.
Coins in cold wallets = long-term conviction.
Of course, it’s never black and white. Sometimes funds move for custody reasons. Sometimes it’s internal reshuffling. But historically, sustained exchange outflows tend to create supply compression over time.
And here’s what I find interesting: this is happening while retail is still active and sentiment isn’t fully washed out. We’re not in despair mode. We’re not euphoric either. It’s that strange in-between zone — like the sea before a storm, totally flat but charged with electricity ⚡️
If supply keeps tightening and macro stays neutral-to-positive, it sets the stage for a sharp move. Crypto doesn’t like balance. It likes imbalance.
For me, this feels less like distribution and more like positioning.
The big money doesn’t scream. It accumulates quietly, then waits.
Tranquille. 😌
#Bitcoin #BTC #OnChain #Crypto #Whales #MarketStructure
Glassnode shows exchange balances back to Nov 2024 levels — big players are withdrawing, tightening supply.
This is one of those quiet signals I always watch more than green candles. While everyone stares at the price, the whales move in silence 🐋
According to Glassnode, large investors are withdrawing $BTC from exchanges, and total exchange balances have dropped back to levels last seen in November 2024. That’s not noise. That’s structure.
When $BTC leaves exchanges, it usually means one thing: it’s not meant to be sold anytime soon.
Coins on exchanges = potential sell pressure.
Coins in cold wallets = long-term conviction.
Of course, it’s never black and white. Sometimes funds move for custody reasons. Sometimes it’s internal reshuffling. But historically, sustained exchange outflows tend to create supply compression over time.
And here’s what I find interesting: this is happening while retail is still active and sentiment isn’t fully washed out. We’re not in despair mode. We’re not euphoric either. It’s that strange in-between zone — like the sea before a storm, totally flat but charged with electricity ⚡️
If supply keeps tightening and macro stays neutral-to-positive, it sets the stage for a sharp move. Crypto doesn’t like balance. It likes imbalance.
For me, this feels less like distribution and more like positioning.
The big money doesn’t scream. It accumulates quietly, then waits.
Tranquille. 😌
#Bitcoin #BTC #OnChain #Crypto #Whales #MarketStructure
Disclaimer: This content is for informational purposes only and not financial advice.