Bitcoin Whale Panic Fades: Sell Pressure On Binance Falls Off A Cliff
Bitcoin whale activity has significantly decreased, with large transfers to Binance dropping sharply, indicating reduced sell pressure. CryptoQuant's Darkfost noted a decline in whale transactions, suggesting that large holders are less inclined to sell aggressively. This shift follows a period of panic selling in late November when Bitcoin prices fell. Institutional demand for Bitcoin remains strong, with significant accumulation noted, as 577K BTC has been added over the past year. As of now, Bitcoin is trading at $90,885.