Bitcoin whales have made a significant impact on the market by transferring $8.24 billion in Bitcoin to Binance over the past 30 days, marking the highest level in 14 months. This influx indicates a growing dominance of large holders in the exchange’s flow dynamics, with Binance solidifying its position as the preferred venue for these large trades. Concurrently, retail participation in the market is showing signs of cooling, as evidenced by a flattening retail flow of $11.91 billion, further highlighting the ongoing shift towards larger players overtaking smaller ones in trading activity.
Whale Bitcoin flows to Binance reach 14-month high of $8.2B
