Large Bitcoin Holders Increase Accumulation as Funds Move Off Centralized Exchanges and Custodians

Several large Bitcoin addresses have continued accumulating BTC recently, with funds flowing out from centralized exchange (CEX) platforms and custodial institutions. According to BlockBeats On-chain Detection, monitoring data showed notable withdrawals from a CEX and a custodian. One whale address, bc1q2q, withdrew 2,341 BTC from a CEX over the past five days. Separately, three newly created wallet addresses collectively withdrew 737.7 BTC from a custodian.