BTC Whales and Miners in Action — What It Means for Bitcoin’s Price

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Bitcoin (BTC) briefly climbed above $107,000 on Monday before slipping back below $105,000. As the cryptocurrency continued to struggle in posting a meaningful recovery, whale activity has notably picked up. This cohort has sent more than 19,500 BTC to Binance between October 12 and November 3. The stash is worth roughly $2 billion.

What’s perhaps even more worrying that miners have followed suit.

BTC Whales Flood Binance
In its latest findings, CryptoQuant noted that while whale inflows to Binance had been sporadic in previous months, the recent surge is a clear behavioral shift that has added to the selling pressure weighing on Bitcoin’s price.


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