Interesting, I haven't ever heard of someone moving large chunks of cash to an exchange for long term holding. I'm curious how significant the tax benefits are compared to taking the risk of leaving a large chunk of your funds on a centralized exchange long term.

Guess we're always weighing risk/reward. Especially in cryptoland.

With whales continuing to cash out like this, the redistribution of supply continues on. With all the recent discussion about whales and what they should and shouldn't be doing, this can at least be looked at in a positive light in some way.