Bitcoin Miner Inflows Ramp Up: $7 Billion Sent To Binance
On-chain data shows Bitcoin miner Binance deposits have been at elevated levels recently, a potential sign that this group is selling. Bitcoin Miners Have Sent 71,000 BTC To Binance In November As explained by an analyst in a CryptoQuant Quicktake post, November has seen the miners send a notable amount of Bitcoin to cryptocurrency exchange […]
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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 […]
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 […]
There have been more outflows than inflows to most exchanges except Binance, FTX, Bittrex, and Bitfinex since last July, suggesting sellers may be exhausted according to Glassnode. Bitcoin inflows across all exchanges have been net negative since last July, but four major exchanges have been running contrary to this trend with nearly an equal amount of net positive inflows.There have been total net outflows of 46,000 BTC (worth around $1.8 billion at current prices) from all crypto exchanges since last July.Only Binance, Bittrex, Bitfinex, and FTX have seen net positive inflows of 207,000....
Bitcoin miner selling pressure has fallen sharply, with BTC inflows from miners to Binance dropping to levels not seen since mid-2023. The shift matters because miner distribution is one of the market’s more persistent sources of structural sell-side pressure, and the latest data suggests that pressure has eased for now. In a post via X on Sunday, CryptoQuant contributor Darkfost said the monthly average of BTC inflows from miners to Binance has fallen to roughly 4,316 BTC. When the same activity is measured across all exchanges, the figure rises only slightly to 4,381 BTC, reinforcing the....
U.K Binance users are reporting the suspension of fiat withdrawals and deposits on the crypto exchange. Additionally, attempts to on/off ramp show the service is suspended for maintenance. This comes as a Financial Conduct Authority (FCA) published an article on the weekend warning consumers about Binance Markets Limited and the Binance Group. Given the close […]