CryptoQuant analyst Maartunn has reported a significant inflow of $5.56 billion into Binance over the past 30 days, driven by whale activity involving over 1,000 BTC. On October 21, a notable peak occurred with $1.07 billion flowing into the exchange, marked by several large transactions, including $336.95 million at 18:00. These substantial inflows coincided with Bitcoin's price rising from $108,000 to $113,000 before retreating to $108,000, indicating a potential direct impact on price volatility. The data underscores the influence of whale movements on Bitcoin's market dynamics.
Whale Inflows to Binance Reach $5.56 Billion, Impacting Bitcoin Prices
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