Recent events in the cryptocurrency market, particularly significant fund withdrawals and the rise in long-term investors, are attracting interest and warrant attention.
Whale's Fund Withdrawal
This month, a whale withdrew 600 BTC, worth approximately $64.22 million, from Binance. The total withdrawn by this address over the past month amounts to 2,500 BTC worth $267.77 million. Despite the substantial volume, the whale is facing an unrealized loss of around $2.18 million.
Mid-Tier Investor Activity on Binance
According to CryptoQuant data, 40% of all Bitcoin inflows to Binance now fall within the 10 to 100 BTC range, indicating increased activity among mid-tier investors. In contrast, only 20% of inflows are attributed to whale transactions, highlighting a growth among smaller market participants.
Rise of Long-Term Bitcoin Holdings
On-chain analyst Darkfost noted a surge in Bitcoin's long-term supply, referring to coins that have remained unmoved for over six months. These holdings have reached historic highs as Bitcoin trades above $100,000. Long-term holders typically show reluctance to sell, which may support market stability.
Current trends, including significant withdrawals and increasing long-term holdings, highlight shifts in investor inflow and behavior in the Bitcoin market.
