Bitcoin whales curb selling as retail capitulation peaks on Binance
- —Retail BTC deposits to Binance rose 95.45% over six months to $10.75 billion
- —Whale inflows to Binance fell 35.59% over two months to $3.8 billion
- —BTC trades near $80,670 after dropping more than 7% in three weeks
- —Bitcoin market cap stands at about $1.68 trillion
Why it matters: The divergence suggests whales are absorbing retail selling rather than adding to it, a dynamic that could support prices if the trend holds.
Source: Cryptonews.net