CryptoQuant: $70K trader realized price could act as bitcoin support
- —Trader realized price, the average cost basis of BTC moved 1–3 months ago, sits at $70K
- —Retail inflows to Binance rose from $5.5B to $10.75B over 30 days
- —Whale deposits have declined for nearly two months, from $5.9B to $3.8B
- —Approaches to the Upper Band have historically coincided with profit-taking and pullbacks
Why it matters: The split between retail and whale behavior will determine whether bitcoin holds above $80K or tests $70K.
Source: Incrypted