Whale Activity Signals Bullish Momentum for Bitcoin

CryptoQuant, a leading cryptocurrency analysis firm, has uncovered insights into the recent Bitcoin market trends observed on Binance’s spot trading platform. The data reveals a significant surge in average order size, indicating increased activity from institutional investors and large whales. Specifically, the average order size on Binance reached $1.96 million during October, exceeding levels seen in recent months. This rise in trade volume aligns with the behavior of long-term investors seeking to accumulate Bitcoin positions rather than engage in short-term speculation.