Blog

Home News Analysis: Bitcoin Whale Monthly Inflow on Binance Halved, Signaling Reduced Selling Pressure

Analysis: Bitcoin Whale Monthly Inflow on Binance Halved, Signaling Reduced Selling Pressure

Analysis: Bitcoin Whale Monthly Inflow on Binance Halved, Signaling Reduced Selling Pressure

BlockBeats News, December 25th, according to CryptoQuant analyst Darkfost, in December, the whale Bitcoin inflow to Binance decreased from around $7.88 billion to $3.86 billion, halving in just a few weeks. This sharp contraction indicates that the largest holders are depositing BTC into Binance at a significantly slower pace, which is an important signal given their strong influence on market dynamics.

Darkfost believes that when influential participants like whales experience a reduction in inflows to the platform, it usually means that their selling pressure is also decreasing. In other words, a decrease in deposited BTC implies a reduction in short-term selling pressure, which is a relatively positive signal for short-term market equilibrium.

Related articles