Binance Attracts Increased Whale Activity as BTC Inflow Rises

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The story "Binance Attracts Increased Whale Activity as BTC Inflow Rises" was covered 1 weeks ago by BitcoinWorld, a news publisher based in India.

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BitcoinWorld 1w ago

Binance Attracts Increased Whale Activity as BTC Inflow Rises - BitcoinWorld

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.