๐๐๐ง๐๐ข๐๐ก ๐ช๐๐๐๐๐ง ๐ฆ๐๐๐๐ง: ๐ช๐๐ขโ๐ฆ ๐ ๐ข๐ฉ๐๐ก๐ ๐ง๐๐ ๐ ๐ข๐ฆ๐ง ๐ข๐ก ๐๐๐ก๐๐ก๐๐?
Bitcoin is hovering just below $110,000, currently trading at $106,841 โ showing some short-term weakness with a 0.4% dip in 24h.
๐ While price stays flat, activity under the surface tells a different story.
๐ Key On-Chain Insight: Mid-Tier Players Take the Lead
According to CryptoQuant, wallets holding 10 to 100 BTC are now driving 40% of all Bitcoin inflows to Binance.
These are not whales, but not small fish either โ usually trading firms, HNWIs, or mid-sized institutions.
โก๏ธ In comparison, actual whale wallets (100โ1,000 BTC) only made up 20% of inflows.
But whales aren't absentโฆ
๐ณ Whale Spike: 10,000 BTC Surge on June 16
On June 16, whale inflows spiked dramatically, making up 83% of total exchange deposits โ a rare event that hints at strategic accumulation or large-scale repositioning.
CryptoQuantโs data also shows that whale presence on Binance rose 400% since mid-2023. That's a huge institutional signal.
๐ Binance Deposit Stats Show Larger BTC Transfers
โก๏ธ Avg. BTC deposit grew from 0.36 BTC (2023) to 1.65 BTC (2024)
โก๏ธ Binance processed $21.6B in BTC deposits in 2024, more than 40% ahead of all other top 10 exchanges combined
Even with whale participation rising, mid-tier wallets (10โ100 BTC) remain dominant โ suggesting wider participation and healthier market structure.
๐ง What This Means for Traders
โ Mid-sized wallets are quietly stacking BTC โ often a precursor to larger moves
โ Whale spikes show big money watching closely
โ Despite sideways price action, on-chain momentum is building
With BTC consolidating just below resistance, these inflow patterns might shape the next breakout.