Crypto
Binance Whale Inflows Soar to Four-Month High
The Bitcoin price remains stuck in a range between $60,000 and $65,000. Despite this stability, Binance has seen an influx of large investors transferring BTC to the exchange at a rate not seen in four months.
According to data, the Binance whale inflow ratio is now at 0.52, its highest level since March. This increase indicates that large holders are moving more BTC to Binance than smaller investors, which could put upward pressure on selling volumes.
The trend of high whale inflows has historically appeared near market tops and bottoms during periods of heightened volatility. However, analysts believe the indicator may normalize quickly if Bitcoin remains range-bound and market activity stays subdued.