Binance Whale BTC Inflow Doubles to Monthly Average of 2800 Coins

CryptoQuant analyst Darkfost pointed out that Bitcoin has fallen 14% since June, and the recent pullback has accelerated. The whale inflow of over 100 BTC per transaction on the Binance platform has significantly increased, reaching a peak of about 8200 on June 2 and over 6400 on June 4. The monthly average inflow increased from about 1200 in mid April to over 2800, doubling within a few weeks. Analysis suggests that this may be the behavior of whales transferring BTC back to the exchange for sale. The last time a similar inflow level occurred was when Bitcoin fell below $60000 in February.