Bitcoin whales are hinting at an $80K ‘market rebound’ as Binance inflows cool, according to new research. Data from onchain analytics platform CryptoQuant shows that sell-side pressure from Binance whales is decreasing. Large-volume investors are finding Bitcoin at $80,000 attractive, while smaller investors are staying away due to panic. In a recent blog post, CryptoQuant contributor Darkfost revealed a decline in the proportion of the top ten largest inflows to Binance attributed to whales. The exchange whale ratio has been on a downward trend since mid-January, coinciding with Bitcoin’s latest all-time highs. This trend suggests that Binance’s whales are reducing their selling pressure, potentially signaling a market rebound. Both whales and larger entities holding at least 10 BTC have been accumulating coins this month. However, prospective BTC buyers are hesitant at the $80,000 price level, with overall appetite for BTC exposure remaining low. Glassnode also pointed out lackluster demand at current prices, referencing capital flows by short-term holders. The transition to net capital outflows indicates that new buyers are cautious, contributing to a more uncertain market environment. This article does not provide investment advice, and readers are encouraged to conduct their own research before making any financial decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin whales are hinting at an $80K ‘market rebound’ as Binance inflows cool, according to new research. Data from onchain analytics platform CryptoQuant shows that sell-side pressure from Binance whales is decreasing. Large-volume investors are finding Bitcoin at $80,000 attractive, while smaller investors are staying away due to panic. In a recent blog post, CryptoQuant […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/63725"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=63725"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/63725\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=63725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=63725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=63725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}