【Veteran Retail Trader Watch】 $BTC
Binance’s data is pretty interesting. Since September 20, Binance’s BTC reserves have fallen from around 704,800 BTC to 663,100 BTC.
Nearly 42,000 BTC have left in 15 days, worth more than $3.3 billion at current prices. More importantly, stablecoins from whales are flowing into Binance. CryptoQuant data shows that since mid-August, whales’ 30-day rolling stablecoin inflows have increased by about 40%, rising from $21.7 billion to $30.5 billion.
BTC is flowing out, while stablecoins are flowing in.
One looks like accumulation; the other, getting ready to fire.
BTC is still trading around $85,000. These fund flows are worth keeping an eye on.
Binance’s data is pretty interesting. Since September 20, Binance’s BTC reserves have fallen from around 704,800 BTC to 663,100 BTC.
Nearly 42,000 BTC have left in 15 days, worth more than $3.3 billion at current prices. More importantly, stablecoins from whales are flowing into Binance. CryptoQuant data shows that since mid-August, whales’ 30-day rolling stablecoin inflows have increased by about 40%, rising from $21.7 billion to $30.5 billion.
BTC is flowing out, while stablecoins are flowing in.
One looks like accumulation; the other, getting ready to fire.
BTC is still trading around $85,000. These fund flows are worth keeping an eye on.
