Bitcoin rises 25% as exchange inflows fall, but whales hold back near $79K

  • Bitcoin gained approximately 25% as exchange deposits of mid-sized coins declined.
  • Binance deposits fell nearly 30%, from 4,390 BTC to 3,080 BTC.
  • Whale balances stayed near 5.22 million BTC from September 2 onward.

Bitcoin rose approximately 25% from $63,000 to $79,000 since early August as deposits of mid-sized coins into Binance, Coinbase Pro and Coinbase Prime declined by an estimated 15.5%. The trend suggests that larger mid-sized investors were holding rather than adding coins to exchange order books for potential sale. Binance recorded the sharpest decrease, with deposits falling nearly 30% from 4,390 BTC to 3,080 BTC, creating a 1,160 BTC swing between the two venues. No broader increase in selling pressure was evident, although sustaining further gains will require continued demand.

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