Binance has experienced a dramatic increase in its average monthly Bitcoin inflow per transaction, which has surged to approximately 29.7 BTC, according to CryptoQuant data. This figure is nearly 34 times higher than at the start of 2021, indicating a significant rise in activity from large Bitcoin holders, often referred to as whales.
The increase suggests that institutional investors or large funds are accelerating their entry into the Binance exchange, reflecting heightened interest and activity in the cryptocurrency market. This trend underscores the growing influence of major players in the crypto space, as they continue to make substantial transactions on leading platforms like Binance.
Binance Sees 34-Fold Surge in Average Monthly Bitcoin Inflow
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