Looking at this week's Whale Alerts it seems that the largest bitcoin flows are OUT of exchanges and INTO wallets, and the number of wallets with balances above 1000 BTC has been rapidly growing.
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550 BTC transferred from Coinbase to unknown wallet
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659 BTC transferred from Kraken to unknown wallet
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4,335 BTC transferred from Coinbase Institutional to unknown new wallet
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5,964 BTC transferred from Coinbase to unknown new wallet
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983 BTC transferred from Galaxy Digital to unknown wallet
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818 BTC transferred from Paypal to unknown wallet
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3,300 BTC transferred from Bitfinex to unknown wallet
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10,051 BTC transferred from Bitmex to unknown new wallet
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1,924 BTC transferred from Bitmex to unknown wallet
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3,060 BTC transferred from Coinbase Institutional to unknown new wallet
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812 BTC transferred from Paypal to unknown wallet
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1,543 BTC transferred from unknown wallet to Binance
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10,113 BTC transferred from Bitmex to unknown wallet
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5,673 BTC transferred from Coinbase Institutional to unknown new wallet
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1,077 BTC transferred from Robinhood to unknown wallet
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2,498 BTC transferred from unknown wallet to unknown new wallet
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2,516 BTC transferred from Kraken to unknown wallet
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845 BTC transferred from Paypal to unknown wallet