Bitcoin Retail Deposits Hit 6-Month High As Whale Transfers To Binance Decline
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Bitcoin Price News: Retail Investors Sell At $80K As Whale Exchange Inflows Drop 36%
The post Bitcoin Price News: Retail Investors Sell At $80K As Whale Exchange Inflows Drop 36% appeared first on Coinpedia Fintech News Small Bitcoin holders are sending coins to Binance at the fastest rate in six months, while whales are moving in the opposite direction, according to on-chain researcher Darkfost. Retail deposits to the exchange, measured on a 30-day basis, have almost doubled from $5.5 billion to $10.75 billion as BTC holds abov…
Bitcoin Retail Deposits Hit 6-Month High As Whale Transfers To Binance Decline
Retail deposits surge: CryptoQuant data shows retail Bitcoin deposits to Binance rose from $5.5 billion in April to $10.75 billion, a six-month high. Whale deposits fall: Transfers from large Bitcoin holders to Binance declined 36% from late August, dropping from $5.9 billion to $3.8 billion. Selling pressure remains uncertain: Retail deposits now stand at 2.8 […]
Bitcoin’s retail deposits in Binance reached their highest level in six months, while transfers attributed to large holders decreased since the end of August. The difference raises a question for the market: who might be contributing coins to the platform during the rebound, although the deposits do not confirm that sales have been executed.
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