Bitcoin Wholecoin Holders Pulling Back As Inflows To Binance Shrink – What’s ...
Bitcoin’s bounce last week was quickly cut off by growing volatility in the broader crypto market, causing the price to fall below the pivotal $90,000 mark once again. Given the recent price fluctuations, investors’ sentiment, especially those on crypto exchanges, has shifted as inflows from BTC wholecoiners plummet. Binance Sees Sharp Drop In BTC Wholecoiner […]
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Even as bearish pressure builds, Bitcoin’s price continues to hold above the $109,000 mark after its recent rebound that pushed its price beyond $110,000. BTC’s rebound has triggered a wave of renewed conviction, as evidenced by massive outflows by whales on the Binance crypto platform. Large BTC Holders On Binance Draining Holdings As Bitcoin surges […]
On-chain data shows Binance observed Bitcoin inflows of almost $200 million a couple of days back as BTC saw its plunge below $27,000. Binance Has Recently Received Large Bitcoin Deposits As pointed out by analyst James V. Straten in a post on X, inflows have recently occurred on the cryptocurrency exchange Binance. The relevant indicator […]
As Bitcoin (BTC) hit a new all-time high (ATH) of $125,708 on Binance yesterday, BTC exchange inflows are starting to show signs of slowing down. As a result, crypto analysts are confident that the top cryptocurrency by market cap may be on the cusp of a healthy rally. Bitcoin Exchange Inflows Slump Amid New ATH According to a CryptoQuant Quicktake post by contributor ChainSpan, fresh on-chain data shows that the average amount of BTC inflows into exchanges such as Binance has decreased significantly. Related Reading: Bitcoin Sharpe-Like Ratio Shows Market In Wait-and-See Mode At $119,000....
The market continues to be in disarray as the price of bitcoin has now fallen to the low $30,000s. This had been preceded by declining faith in the market thus translating to fewer inflows/more outflows in the last couple of weeks. However, with the price now at the lowest, it has been this year, institutional sentiment towards the digital asset has changed and this has resulted in significant inflows into the digital asset for the first time in weeks. $45 Million Flows Into Bitcoin Bitcoin has now seen inflows following several weeks of outflows. The past week has proven to be good for....
XRP is struggling at $1.35. The market is bracing for a volatile week. And quietly, the data on Binance is telling a story the price chart has not yet decided to believe. An Arab Chain report tracking supply dynamics on Binance has identified a reading that stands out against the current bearish backdrop: XRP’s scarcity indicator has reached 0.59 — its highest level since 2024. That number reflects something specific and consequential. The supply of XRP available for immediate sale on the platform is contracting, not expanding. Related Reading: An XRP Key Indicator Just Flipped....