Reason to trust
Strict editorial policy which focuses on precision, relevance and impartiality
Created by industry experts and meticulously revised
The highest standards in the declaration and publishing
Strict editorial policy which focuses on precision, relevance and impartiality
Morbi Pretium Leo and Nisl Aliquam Mollis. Quisque Arcu Lorem, quis pellentesque nec, ultlamcorper eu odio.
Bitcoin between cautiously below the level of $ 110,000, reporting a break in the momentum after recent peaks. At the time of writing this document, the asset is at the price of $ 106,841, marking a slight drop of 0.4% in the last 24 hours.
Despite the brushing of a daily summit of $ 107,884, the BTC seems to consolidate in a narrow range, market players ensuring the next important decision.
In the midst of this action at a relatively flat price, chain trends suggest that everything is not silent below the surface. A new analysis of the cryptocurrency “Oinonen” contributor highlights the activity of the portfolio in Binance, one of the largest trade in Crypto by commercial volume.
Related reading
Bitcoin intermediate level investors occupy the front of the stage in Binance
The results of Oinonen underline a strong increase in participation in the whales, as well as a significant contribution of intermediate level investors, which could have implications for broader behavior of the market.
Citing metrics on the cryptocurrency chain, the analyst revealed that Binance’s input data show that the portfolios between 10 and 100 BTC now represent 40% of all Bitcoin entries.
These wallet sizes generally belong to individuals, commercial companies or medium -sized institutions – those found between retail traders and whales with deep pockets.
On the other hand, the entries at the whales (100 to 1,000 BTC) currently represent 20% of the total, stressing that intermediate level players can drive more exchange activity than larger whales at this time.
Interestingly, the activity of whales has always made a major appearance recently. On June 16, entries of 10,000 BTC jumped and represented 83% of the total exchange entries on the Binance that day, strengthening the previous observations of Oinonen on an increased presence of the whale in the last year. According to the metric of the cryp October whales, this presence would have jumped up to 400% from mid-2023.
Binance deposit data is up to the increase in institutional interests
Beyond the entry ratios, the overall binance deposit measures suggest an increasing tendency of higher average deposits. The average Bitcoin deposit went from 0.36 BTC in 2023 to 1.65 BTC in 2024.
The exchange processed $ 21.6 billion in user funds in 2024, around 40% more than the combined totals of the next ten trade in crypto.
Despite the growing institutional footprint, the important part of the deposits of the 10 to 100 BTC range shows that intermediate market players remain active contributors to the commercial ecosystem.
Related reading
These data can reflect a broader change in the way the BTC is accumulated and moved, where the influence is shared between whales and medium -sized investors.
While the flows of whales often generate titles, the coherent presence of intermediate level portfolios can point out a healthier participation on the market and a form of liquidity supply more distributed at all levels.
With Bitcoin always consolidating nearby price levels, these chain trends could help shape her next escape, every time she comes.
Star image created with Dall-E. TradingView graphic
