Large Bitcoin Holders Increased Exchange Deposits as BTC Dropped to $80,000

Major bitcoin traders significantly increased their exchange deposits following last week's price decline to approximately $80,000, data show. On November 21, total bitcoin transfers to exchanges reached 9,000 BTC, with 45% originating from large deposits of 100 BTC or more. The average bitcoin deposit value climbed to 1.23 BTC in November, marking the highest level in a year.