Binance Whale Activity Plummets: Could This Signal a Bitcoin Price Surge?

New data reveals a significant drop in whale activity on Binance’s platform, indicating fewer large cryptocurrency transactions being deposited onto exchanges. A key metric tracking 30-day cumulative inflows of over 100 BTC transactions has reached its lowest point in six months. This decline suggests whales are actively reducing their holdings and less selling pressure could pave the way for a potential bullish Bitcoin price action.