Are Whales Tightening Their Grip on Bitcoin Exchange Supply?

Large Bitcoin transfers to exchanges intensified in March as inflows were increasingly dominated by transactions in the 100-1,000 BTC range. This points to a growing concentration of sell-side supply from large holders at a time when the market remains structurally sensitive. Concentration of Large Inflows On-chain data shared by analyst Axel Adler Jr. revealed that the Bitcoin Exchange Whale Ratio, which measures th…