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Binance Whale Bitcoin Inflow Ratio Climbs to 0.62 Amid Market Uncertainty

CryptoQuant recorded a sharp uptick in whale deposits as the '1011 insider whale' moved 10,000 BTC to Binance between February 2 and 15.

BTC

Summary

CryptoQuant analyst Darkfost reported that Binance’s whale Bitcoin inflow ratio rose from 0.4 to 0.62 between February 2 and 15, signaling increased deposits from large holders. The account identified as the '1011 insider whale' transferred approximately 10,000 BTC to Binance during this period. The activity suggests elevated movements by significant market participants amid ongoing uncertainty.

Terms & Concepts
  • Whale: An individual or entity that holds a large amount of cryptocurrency, capable of influencing market movements.
  • Inflow Ratio: The proportion of cryptocurrency deposits entering an exchange from large holders compared to total deposits.
  • BTC: Abbreviation for Bitcoin, the largest cryptocurrency by market capitalization.