The latest on-chain data from CryptoQuant shows that Bitcoin whales – wallets with large holdings – are quietly taking action.
Specifically, on June 16, nearly 4,500 BTC was withdrawn from Binance, marking one of the largest withdrawals of the month. The reduction of BTC on exchanges often signals a potential price increase, as the accessible supply shrinks and accumulation signals appear.
Stablecoins flowing into Binance – preparing to 'pump capital' into the market
At the same time, the flow of stablecoins into Binance surged, exceeding 400 million USD in the two days of June 13 and 15.
This is a sign that large investors are ready to allocate funds into assets like BTC, creating strong potential demand.
When BTC is withdrawn and stablecoins are introduced, the supply-demand imbalance begins to form, increasing the risk of 'shortages' on the exchange.
Market sentiment is optimistic, but retail investors remain cautious.
Although Bitcoin is trading around 105,575 USD, down slightly by 1% in 24 hours, the data supporting the upward trend remains quite clear.
The long-term investor's capital fund has exceeded 20 billion USD, reflecting strong confidence. However, short-term investors are tending to take profits, causing the market to experience short-term adjustments.
Nevertheless, the participation level of small investors remains low, indicating that the upward momentum may not yet be over if demand continues to expand in the coming weeks.
