Nunu123
vip

According to the latest data shared by CryptoQuant, monthly Bitcoin (BTC) inflows to the Binance exchange have fallen to just 5,700 BTC, dropping below even past bear market levels. This decline during a period when Bitcoin was trading above 105 thousand dollars indicates a noteworthy scenario in terms of investor behavior.



Under normal circumstances, during periods of significant price increases, investors are expected to send BTC to exchanges to take profits, while current data shows a significant decrease in inflows to Binance. Since 2020, monthly BTC inflows to Binance have averaged around 12,000 BTC, and today this figure is less than half, indicating a marked reduction in selling pressure. Inflows that peaked at 24,000 BTC during the FTX crisis generally moved in parallel with fear-driven selling, while the current low inflow levels reflect an increase in market confidence and a tendency to hold.
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)