Bitcoin is trading at $BTC
Cautiously below the $110,000 mark, suggesting a momentum stall after recent gains. At the time of writing, the asset price is $106,841, showing a slight decrease of 0.4% over the past 24 hours.
Despite reaching a daily high of $107,884, Bitcoin seems to be stabilizing within a narrow range, as market participants await the next major move.
Amid this relative price stability, on-chain trading trends suggest that things are not quiet beneath the surface. New analysis by 'oino,nen', a contributor to Crypto,, Q,uant, sheds light on wallet activity within #Binance , one of the largest cryptocurrency trading platforms by trading volume.
Mid-tier Bitcoin investors lead the Binance platform.
Oin,onen's findings indicate a sharp increase in participation from large investors, along with notable contributions from mid-tier investors, which may have broader implications for market behavior.
Citing Crypto,,Q,uant's on-chain metrics, the analyst revealed that Binance's incoming flow data shows wallets depositing between 10 and 100 BTC now represent 40% of total Bitcoin inflows.
These large-volume wallets typically belong to high-net-worth individuals, trading firms, or medium-sized institutions - those who fall between retail traders and wealthy whales.
In contrast, inflows at the #الحيتان level (100-1000 Bitcoin) currently represent 20% of the total, highlighting that mid-tier players may be more active in trading compared to larger whales at this time.
Interestingly, whale activity continues to show significantly recently. On June 16, inflows rose by 10,000 Bitcoin, accounting for 83% of the total trading inflows on Binance that day, reinforcing previous observations by Oinonen regarding the increased presence of whales over the past year. According to the whale ratio metric from Crypto,,Quant, this presence has jumped by up to 400% since mid-2023.
Data on #بينانس deposits indicate increasing institutional interest.
Alongside the inflow ratios, Binance's total deposit metrics indicate an increasing trend towards higher average deposits. The average Bitcoin deposits rose from 0.36 Bitcoin in 2023 to 1.65 Bitcoin in 2024.
The platform processed $21.6 billion in user deposits in 2024, nearly a 40% increase from the total deposits of the next ten cryptocurrency platforms.
Despite the growing institutional presence, the large proportion of deposits in the 10-100 Bitcoin range shows that medium-level market participants remain active contributors to the trading system.
This data may reflect a broader shift in how Bitcoin is accumulated and transferred, with influence shared between whales and mid-sized investors.
While whale flows often make headlines, the continued presence of mid-tier wallets can indicate better market participation and a broader distribution of liquidity.
As #البيتكوين continues to consolidate near key price levels, these on-chain trends could help shape its next breakout when it comes.
Featured image created with DALL-E. $BTC