Binance Attracts Increased Whale Activity as BTC Inflow Rises

Quick Summary:

Binance Attracts Increased Whale Activity as BTC Inflow Rises Binance, traditionally known as a platform for retail traders, is now attracting substantial whale activity as Bitcoin (BTC) inflows increase significantly, according to CryptoQuant analyst Maartunn.

Data reveals that the Exchange Inflow Mean (a 7-day moving average of BTC deposits) has risen from 0.

Retail traders may benefit from understanding how whale activity can influence market conditions and may use this information to adjust their trading strategies accordingly.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Binance Whale Activity Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 14:10:29 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 792 words

Reading Time: 5 minutes read

Sentences: 36 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23571869

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 29 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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Publisher ID: #121

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