Bitcoin's current price of $84,000 contrasts with the realized price of $56,000 for Binance user deposit addresses, indicating that most BTC deposits on Binance remain profitable. This underscores Binance's status as a favored platform for both short-term traders and long-term investors. Historically, bear markets emerge when BTC's price falls below key realized price levels, particularly when Binance deposit address realized price dips below market price. Presently, Binance users maintain profitable positions, suggesting no large-scale distribution. Monitoring Binance's on-chain metrics offers crucial insights into market trends and investor sentiment.