Binance Whales Drive Bitcoin Price Surge: Coinbase Premium Signals Whale Activity

Bitcoin’s recent surge above $94,300 marks a significant milestone for the cryptocurrency, and analysis reveals that whales operating on Binance are playing a crucial role. Crypto analyst DanCoinInvestor (@DanCoinInvestor) highlights the dramatic decline in the Coinbase Premium metric, which suggests a substantial increase in buying activity from Binance whales. This decrease coincides with Bitcoin’s rapid rise over seven days, indicating their significant impact on market dynamics.