Unrealized profit drops 53%: Bitcoin short-term whales transfer 10,600 BTC to CEX in a single day

Odaily reports: According to monitoring by Axel Adler Jr, the unrealized profit of Bitcoin short-term whales dropped from a record $9.8 billion on September 22 to $4.6 billion on October 20, a decline of 53%, but they remain in profit. On the same day, whales transferred 10,600 BTC to CEX, the highest single-day level since October 8, about 2.8 times the past 30-day average of 3,815 BTC. A decline in unrealized profit does not mean positions have been reduced, and transfers to exchanges do not mean they have been sold; the analysis notes that increased inflows mean potential selling risk is rising.