Is Bitcoin's Imminent Fall Coming? Whales and Retail Investors Surprise with Their Movement
As Bitcoin (BTC) wavers amid rising geopolitical tensions between Israel and Iran – falling from $110,530 on June 9 to just over $106,900 today – concerns are growing that BTC's bullish momentum may have stalled. However, on-chain data suggests that both Bitcoin whales and retail investors still anticipate a further rise for the leading cryptocurrency.
Bitcoin Whale and Retail Investor Flows to Binance Plummet
According to a recent CryptoQuant Quicktake post by contributor Darkfost, Bitcoin flows to the cryptocurrency exchange Binance from two distinct cohorts – whales and retail investors – have fallen to their lowest levels in the current market cycle.
Darkfost shared the following chart illustrating that Bitcoin whale flows to Binance have reached their lowest point since 2024. Similarly, retail investor flows are also at their lowest since 2024, indicating a strong preference to hold rather than sell.
