🎉 Gate xStocks Trading is Now Live! Spot, Futures, and Alpha Zone – All Open!
📝 Share your trading experience or screenshots on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 July 3, 7:00 – July 9,
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.