[Analysis] "Bitcoin ETF and whale funds moved simultaneously… Signal for entry into a bull market"

There has been an influx of institutional funds into Bitcoin (BTC) spot ETFs and a surge in Binance deposits by large investors (whales) at the same time, leading to an analysis that Bitcoin is on the verge of entering a bull market.

On the 19th (local time), Amr Taha, a CryptoQuant analyst, stated, "Over the past 30 days, the net inflow into Bitcoin ETFs has reached 128,000 BTC, which is the largest amount since the peak of the bull market at the beginning of 2024," and added, "This suggests that institutional investors' confidence in Bitcoin spot ETFs has been restored. In other words, expectations for long-term price increases or macroeconomic conditions favorable to risk assets have risen."

During the same period, whale funds flowing into the Binance exchange also surged. According to CryptoQuant's whale-exchange flow chart, the amount of funds deposited from whale wallets to Binance nearly doubled in just one day from $2.3 billion to $4.59 billion.

Taha interpreted, "This signals that institutional-grade investors or large holders are moving substantial funds into centralized exchanges," and explained, "It appears they are repositioning themselves ahead of a potential bullish breakout for Bitcoin."

On this day, Bitcoin was trading at around $104,730 on Binance's Tether (USDT) market, down 0.15% from the previous day.