Bitcoin experienced a nearly 4% decline over the past week, dipping to $112,296 before stabilizing, as on-chain data reveals Binance's dominant role in processing whale trades and influencing market liquidity.
Bitcoin's price dropped nearly 4% over the past week, reaching a low of $112,296 before stabilizing around $114,420. On-chain data by CryptoQuant indicates that Binance processed over 30 million BTC and more than 56 million high-value whale trades, while long-term holders continue to support the price with a NUPL ratio above 0.5.