11-01 14:05 Saturday
Analysis: Binance Bitcoin withdrawals surged fourfold in late October, with whales shifting funds, suggesting a rise in long-term confidence.
According to CryptoOnchain's chart published on its X platform, Bitcoin withdrawals on Binance surged fourfold in late October, jumping from 850 to 3,500 in just two days. Whales are moving coins out of exchanges—a classic sign of accumulation and growing long-term confidence. If this trend continues, the resulting decrease in liquidity could pave the way for the next round of BTC price increases.
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