Bitcoin traders could mistake this Binance data change for a rush to sell
Photo: CryptoSlate
Bitcoin is trading near $76,000 ahead of Tuesday's US inflation report, while reported spot selling puts the strength of demand in focus. A warning from data provider Coin Metrics complicates one apparent signal: a larger reported Binance wallet balance can reflect expanded address coverage without fresh coins arriving. Bitcoin was quoted at $75,871 on CryptoSlate's price page when captured at 10:42 UTC on Nov. 7. That puts $76,000 in view as a rounded market price, rather than an established technical support level. CryptoSlate's Nov.
Source: CryptoSlate
