Bitcoin whales pull 11,000 BTC from exchanges, about $700 million, as seller-exhaustion signal resurfaces

Large Bitcoin holders have moved more than 11,000 BTC off exchanges, an amount valued at roughly $700 million at recent prices. The shift comes as traders refocus on a seller-exhaustion setup tracked by on-chain analytics platforms such as Glassnode and Santiment. The combination is viewed as constructive, though it still requires price confirmation before it can be treated as a bottom signal.