Bitcoin Whales Return To Binance As Selloff Echoes February Panic
Summary
Bitcoin’s June correction is being accompanied by a sharp rise in whale BTC deposits to Binance, suggesting increased near-term sell-side pressure. Bitcoin is down 14% this month, and large holders defined as entities moving over 100 BTC have been sending more coins to exchanges as the decline accelerates. Whale inflows on Binance hit about 8,200 BTC on June 2 and over 6,400 BTC on June 4. The monthly average has more than doubled, from roughly 1,200 BTC since mid-April to over 2,800 BTC now. Exchange inflows do not guarantee selling, but they often signal potential distribution during a fast correction. The pattern resembles February, when similar inflow spikes appeared after Bitcoin fell below $60,000. BTC was trading around $62,300.
