TechFlow news, on December 24, CryptoQuant published an analysis showing that in December, the inflow of Bitcoin whales to Binance dropped significantly from approximately $7.88 billion to $3.86 billion, a decline of 50%. Despite the overall downward trend, some large transactions still occurred, including one whale deposit worth $466 million. The analysis suggests that reduced deposits by large holders typically indicate lighter selling pressure, providing support for the short-term market. As the exchange with the highest inflow volume, changes in whale activity on Binance are seen as a key indicator of market sentiment.
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