Summary
- Reported that holders owning at least 1 Bitcoin saw their exchange inflows fall to the lowest level of this cycle.
- Stated that inflows, which were 45000BTC in May 2024, have recently fallen to 30000BTC.
- Said that the decrease in exchange inflows despite Bitcoin price increases is a sign that investors' willingness to hold has strengthened.
The exchange inflows of 'Wholecoiners' (investors who hold at least 1 Bitcoin (BTC)) have fallen to the lowest level of this cycle.
On the 29th (Korean time), CryptoQuant contributor Darkfost wrote in a report, "According to exchange inflows to Binance, the world's largest exchange, Wholecoiners' recent exchange inflows recorded 7000BTC, sharply down compared to November 2023 (11500BTC)," and analyzed, "other exchanges' inflows also recorded 30000BTC, sharply down from May 2024 (45000BTC)."
The contributor explained, "That Bitcoin's exchange inflows have decreased even as Bitcoin's price is rising can be interpreted as a sign that investors' willingness to hold has strengthened."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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