The percentage of retail cash flow on Binance surged to the highest level in 2 years before the price of Bitcoin fell
On June 15, retail cash flow (0 - 10 BTC) surged above 25% while Bitcoin was still trading near $105,000, marking the highest level since May 2023. A second spike occurred on June 19, reaching 19%. Shortly after, Bitcoin dropped to a recent low of ~ $98,200
The move to deposit BTC on Binance often signals trading intent rather than holding. Although retail participants are often seen as latecomers in the market, this time they may have anticipated the trend.
