Binance Whales Defying Selloff Trend? Crucial Onchain Data Says THIS about Crypto Market
The crypto market still faces macroeconomic uncertainty despite showing the potential for a bullish rebound. Meanwhile, Binance whales are in the spotlight as they defy market expectations.
Onchain analytics data provider CryptoQuant illuminated the behavior of Binance whales to provide general sentiment in the crypto market.
What Binance Whales Behavior Suggest About Crypto Market
CryptoQuant analyst Darkfost analyzed the behavior of Binance whales using two key indicators: ‘the Exchange Whale Ratio’ and ‘Whale to Exchange Flow.’
The analyst explained that the first indicator compares the top 10 inflows to the inflows on Binance. It highlighted the extent to which major investors shift their assets onto the…
