Binance Now Bitcoin Whale Hub: Mean Inflow Jumped Almost 10x In 2024

Quick Summary:

On-chain data shows the average Bitcoin inflow to Binance has seen rapid growth over 2024, implying whales have been using the exchange more.

Such a trend naturally implies that big-money investors like the whales could be involved in inflow activity.

This is a significant sum, so the fact that the average deposit to the platform is this large would imply the whales have been actively making inflows.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets: Hungary

Topics: Bitcoin Binance Bitcoin exchange inflows Bitcoin News Bitcoin Binance Inflow Btc BTCUSDT Bitcoin whales

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 12:30:40 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 409 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 23585026

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 12 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

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Publisher ID: #105

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