Bitcoin News

Bitcoin Whales Flood Binance As Correction Deepens: On-Chain Data Shows

6 minutes ago

Bitcoin’s ongoing correction is pulling large hold

Bitcoin’s ongoing correction is pulling large holders back onto centralized venues, with CryptoQuant data showing a sharp jump in whale-dominated inflows to Binance. At the same time, derivatives positioning continues to unwind, reinforcing the picture of a market de-risking across both spot and futures.

Bitcoin whale inflow ratio (Binance) | Source: X @Darkfost_Coc

Bitcoin open interest 30 day change | Source: X @Darkfost_Coc

Bitcoin must hold above the 200-week EMA, 1-week chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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