52 Thousand Bitcoin Entries to Binance in the Last 1 Month! Experts Commented: Is it a Decline Herald?

The amount of Bitcoin (BTC) held on Binance, the world’s largest cryptocurrency exchange, has increased by over 52 thousand in the last four weeks.

In the data shared by the on-chain analytics platform Glassnode, the amount of Bitcoin held on Binance has been recorded in the last four weeks. 1.5 billion dollar 52 thousand BTC was observed to increase. The amount of Bitcoin held in the stock market after the increase 20.3 billion worth a dollar 692,880 Reached BTC.

In November last year, FTX, known as one of the world’s largest cryptocurrency exchanges, bankruptcy after that investors began withdrawing its assets from cryptocurrency exchanges. Customer Bitcoins held on Binance at that time 88 thousand close to BTC drop by showing 580.357 BTC levels had fallen.

Investors’ confidence in the stock market is slowly regained While it is claimed that the data on other exchanges also increased with the increase in Binance. compatible outputs presented has been identified. End at 4 weeks The amount of Bitcoin held on crypto currency exchanges other than Binance 791 million worth a dollar from 27 thousand BTC It was noted that it was too high.

On the other hand, the Chinese billionaire by Jihan Wu cryptocurrency company of Matrixport Head of Strategy Markus Thielen He pointed out that the high amount of Bitcoin carried over to exchanges could signal an impending sell move.

thielen, 10 years for more than asleep pointing out that Bitcoin whales found in Psychological level of 30 thousand dollars One border highlighted the possibility that

According to Coinecko data, the latest 3.3% in 30 days appreciated BTC, end 24 within the hour 0.3 as of writing by experiencing the rise 29,313 traded at the dollar level.

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