Recent on-chain data from CryptoQuant indicates a surge in whale activity on Binance, potentially signaling a bullish trend for Bitcoin.
Withdrawal of 4,500 BTC from Binance
On June 16, Binance recorded a significant withdrawal of 4,500 BTC, which analysts often interpret as accumulation into cold storage. Historically, such outflows reduce the available supply on exchanges, decreasing sell pressure and creating conditions for upward volatility.
Stablecoin Inflows Exceeding $400 Million
In the days leading up to the BTC outflow, Binance saw two major stablecoin deposits, both exceeding $400 million, on June 13 and June 15. These back-to-back events represent some of the largest stablecoin inflows in recent months.
Supply Drops and Liquidity Increases
This synchronized behavior—BTC exiting while stablecoins flood in—creates a powerful supply-demand imbalance. With less BTC available for trading and capital lined up to buy, the market is now primed for a potential breakout.
CryptoQuant views this situation as a clear return of risk appetite among large holders. If the trend holds, Bitcoin may soon test higher resistance zones fueled by real liquidity and long-term accumulation.
