Markets· ★★★· neutral·

Bitcoin at $84K as Binance Whale Ratio Hits Two-Month High

  • —BTC trades near $84,300 after dropping to about $83,680
  • —Seven-day BTC inflows to Binance fell to 32,642 BTC, 11th percentile of the year
  • —Binance Exchange Whale Ratio rose to 0.515, highest since August
  • —U.S. spot Bitcoin ETFs drew $118.8 million on Oct. 6, almost all into BlackRock's IBIT
Why it matters: A higher whale share against unusually low deposits is not a clear sell signal, while returning spot buyers and ETF inflows may support BTC near $84,000.
#BTC
Source: Coinpaper
More on this
Markets · Oct 5
Exchange Whale Ratio Hits 3-Year High as BTC Holds Near $86,200
 Markets · Sep 29
Bitcoin bounces to $84K after US 30-year bond yield hits 24-year high
 Markets · 15:40
XRP Whale Outflows From Binance Hit 1.38B Coins, a Seven-Month High