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Binance Now Bitcoin Whale Hub: Mean Inflow Jumped Almost 10x In 2024

  • On-chain data shows the average Bitcoin inflow to Binance has seen rapid growth over 2024, implying whales have been using the exchange more.
  • The mean Bitcoin Exchange Inflow to Binance has increased significantly, indicating larger deposits and whale activity.
  • The average deposit to Binance reached a high of 6.8 BTC, worth approximately $614,000.
  • This shift suggests that major investors are now using Binance as their preferred exchange for Bitcoin transactions.

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