Retail Bitcoin Deposits to Binance Hit a Six-Month High at $10.75 Billion
Photo: TokenPost
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.
Source: TokenPost
