Summary
- It was reported that whale funds in Binance recorded a 3-month high.
- CryptoQuant analyst Maartunn analyzed that whale fund inflows to Binance reached $7.3 billion, which is related to price volatility.
- It was reported that whale trading activity can move the market, showing a pattern that coincides with price peaks.
It has been reported that whale (large investor) funds flowing into the global cryptocurrency exchange Binance have reached their highest level in the past three months.
CryptoQuant analyst Maartunn revealed on the 6th through X, "Whale funds flowing into Binance over the past 30 days have reached $7.3 billion," adding that "(this is) the highest in three months."
He pointed out that "This phenomenon often coincides with periods of increased price volatility." He further analyzed, "Whale trading activity can move the market," and "The pattern of whale inflows to Binance coincides with price peaks."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
