The Great Bitcoin Handover: $8.2 Billion BTC Swamps Binance As Retail Momentu...
Bitcoin is struggling to reclaim the $69,000 level as persistent selling pressure continues to dominate the short-term market structure. After multiple failed attempts to establish acceptance above this key psychological threshold, price action reflects a defensive environment marked by reduced risk appetite and elevated volatility. Traders remain cautious, with liquidity conditions tightening and momentum favoring sellers rather than sustained accumulation. Related Reading: Ethereum Breaks the Final Whale Floor In A 2018-Style Capitulation: What To Expect New on-chain data shared by....
Related News
On-chain data shows the retail-sized Bitcoin inflows to Binance have declined to historically low levels, a sign that small traders have left the market. Bitcoin Binance Retail Inflows Have Dropped To Just 314 BTC As pointed out by CryptoQuant author Darkfrost in an X post, the Bitcoin inflows going from retail investors to Binance have […]
Since Binance announced it would auto-convert USDC, USDP and TUSD into BUSD on Sept. 6, BUSD’s share of the total stablecoin market has risen from 10.01% to 15.48%. FTX CEO Sam Bankman-Fried (SBF) said the rise of Binance stablecoin BUSD could spark the “Second Great Stablecoin War,” given how fast its market cap has surged over recent months. Bankman-Fried's recent comments come a month after Binance pushed ahead with plans to auto-convert a host of stablecoins supported on its exchange into BUSD on Sept. 6, — which has seen BUSD's share of the total stablecoin market rise since. BUSD’s....
Crypto exchange giant Binance has demonstrated once more why it’s amongst the giants of the industry, the company has announced the launch of a $1 billion “Growth Fund”. Targeted at their Binance Smart Chain (BSC), the fund will aid this ecosystem to “push the adoption” of the blockchain industry. Launch in 2020, Binance Smart Chain […]
The XRP price remains range-bound as it has been over the past couple of weeks. As of the time of writing, the XRP price has appreciated by 1.86% over the past day, yet it has been unable to break above the $1.60 resistance. However, despite this apparent inertia, a notable shift is occurring on Binance, the world’s leading crypto exchange by trading volume. Related Reading: XRP’s Biggest Holders Just Stopped Sending Tokens to Exchanges: Last Time Was November 2021 Binance Whale Vs Retail Spread Falls To 88% In a QuickTake post on CryptoQuant, analyst Amr Taha shares an update for the XRP....
Binance’s Changpeng Zhao (CZ) has said the exchange supports the proposal to compensate retail LUNA users ahead of larger investors. He also said the LUNA tokens received by Binance in exchange for a $3 million investment in Terra have not been sold or moved.
Binance’s LUNA Tokens Not Sold
After his exchange faced criticism for its handling of LUNA tokens, Binance CEO Changpeng Zhao (CZ) tweeted that any compensation for LUNA holders must prioritize protecting the interests of retail users. He said Binance has already taken the lead by electing to be compensated....