oldlining.com

Loading…

Penguin logoPenguin TradingFind value beyond consensus
← Crypto News

Analyst: Retail 30-day BTC inflows to Binance reach $10.75B, whale inflows drop to $3.8B

on October 26, according to CryptoQuant analyst Darkfost, as Bitcoin has remained above $80,000 for several consecutive weeks, BTC inflows from small holders on Binance have increased significantly. On a rolling 30-day cumulative basis, retail inflow volume has risen from $5.5 billion to $10.75 billion, nearly doubling and reaching a six-month high.

Meanwhile, BTC inflows from whales to Binance have continued to decline, falling from $5.9 billion at the end of August to $3.8 billion currently over the past two months. Darkfost believes that retail and whale behavior is clearly diverging, with the former more inclined to reduce positions amid the rebound, while whales have yet to demonstrate a clear intent to transfer holdings to exchanges.