130k BTC штотуку влеа во Binance

On-chain data shows the crypto exchange Binance has just received Bitcoin inflows of 130k BTC, a sign that may be bearish for the price of the crypto.

Binance’s Bitcoin Exchange Reserve Has Sharply Spiked Up Over Past Day

Како што истакна аналитичар во CryptoQuant пост, Binance has received a massive Bitcoin deposit today.

Релевантниот индикатор овде е „девизна резерва,” which tells us the total amount of BTC currently sitting in the wallets of a centralized exchange.

When the value of this metric goes down, it means investors are withdrawing their coins from the exchange right now. Such a trend, when sustained, could be bullish for the crypto’s price as it might be a sign of accumulation.

On the other hand, rises in the indicator suggest holders are transferring their BTC to the exchange’s wallets currently. As investors could be depositing for selling purposes, this kind of trend can be bearish for the coin’s value.

Now, here is a chart that shows the trend in the Bitcoin exchange reserve of the crypto exchange Binance over the last few years:

The value of the metric seems to have suddenly jumped up in recent days | Source: КриптоКвајт

As you can see in the above graph, the Bitcoin exchange reserve for Binance sharply fell off earlier in the month.

These outflows occurred as the crypto exchange FTX went belly up, reigniting fear among investors around central custody, and causing them to rush to withdraw their coins from such platforms.

In the last few days, however, Binance’s BTC reserve has once again started to trend up, implying that whales might be making moves to dump.

And today, the indicator has very rapidly increased to a new high, as investors have made a massive deposit of 130k BTC to the exchange.

At the moment, it’s unclear whether this is an organic increase in Binance’s Bitcoin reserve, or if it’s because of the exchange making some internal wallet shuffles that have been mistakenly picked up as fresh deposits by CryptoQuant’s metric.

However, if it’s indeed a true spike, then the outcome from this could be bearish for the price of BTC.

БТЦ цена

Во моментот на пишување, цената на Биткоин плови околу 16.7 илјади долари, што е пад од 3% во последната недела. Во текот на изминатиот месец, крипто изгуби 14% од вредноста.

Табелата подолу го прикажува трендот на цената на монетата во последните пет дена.

Looks like BTC has continued to hold still in the last few days | Source: BTCUSD на TradingView

Истакната слика од Џонатан Борба на Unsplash.com, графикони од TradingView.com, CryptoQuant.com