Bitcoin Price News: Retail Investors Sell At $80K As Whale Exchange Inflows Drop 36%
Photo: Coinpedia
Small Bitcoin holders are sending coins to Binance at the fastest rate in six months, while whales are moving in the opposite direction, according to on-chain researcher Darkfost. Retail deposits to the exchange, measured on a 30-day basis, have almost doubled from $5.5 billion to $10.75 billion as BTC holds above $80,000. Whale inflows to Binance have dropped by about 36% over nearly two months, falling from $5.9 billion at the end of August to $3.8 billion. The data suggests retail investors are using Bitcoin’s first rebound after a year-long decline to sell at better prices.
Source: Coinpedia
