Add as a preferred source on GoogleRetail Bitcoin Deposits to Binance Hit a Six-Month High at $10.75 Billion
The 30-day total for smaller holders rose from $5.5 billion, while whale deposits fell to $3.8 billion from $5.9 billion in late August.
Retail holders’ Bitcoin (BTC) deposits to Binance reached a six-month high of $10.75 billion over 30 days, while deposits from larger holders declined as Bitcoin stayed above $80,000 for several weeks.
The 30-day cumulative value for small holders rose from $5.5 billion. Whale deposits fell from $5.9 billion in late August to $3.8 billion, extending a decline that had lasted about two months.
Darkfost characterized retail investors as appearing to use the rebound as a selling window. The analyst also described whales as patient, with no signs of large-scale distribution in the Binance deposit activity.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.