Analysis: Bitcoin whales are taking a "wait-and-see strategy" and no obvious profit-taking activities have occurred

CryptoQuant contributor Onat Tütüncüler posted that since the US election on November 5, an increase in the number of Bitcoin transfers from active whale addresses to exchanges has been observed. However, the adjusted SOPR indicator is yet to show significant profit-taking activity. While large inflows into Bitcoin suggest there may be short-term selling pressure, the fact that these assets are not immediately available for sale means they may be used for other purposes, such as hedging, over-the-counter trading, or as collateral. This behavior reflects the "wait and see strategy" the whales are currently adopting. In summary, while there is no immediate selling pressure, the increasing flow of Bitcoin into exchanges highlights the potential risk of future selling. Therefore, these movements should be closely monitored to anticipate any possible market impact.