Bitcoin Whales Hold Back as Retail Deposits Nearly Double

Retail Bitcoin inflows to Binance nearly doubled to $10.75 billion over 30 days, while whale deposits fell from $5.9 billion to $3.8 billion. Ali Charts identifies $82,000 as resistance and $72,500 as a potential buying level if Bitcoin’s correction continues. Bitcoin’s deepest drawdown in the current cycle has reached 7%, compared with declines of 28% or more in previous completed cycles. Bitcoin faces a potential correction toward $72,500 as analyst Ali Charts tracks a breakdown below a rising channel. Meanwhile, Darkfost’s data shows retail Bitcoin inflows to Binance have reached a six-month high, while whale deposits continue declining.

Source: Crypto Front News