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Binance Whales Signal Bullish Stance Amidst Bitcoin’s $100,000 Hold 

  • Binance whales are deviating from historical patterns by showing strong confidence in higher Bitcoin prices.
  • In the past, whales tended to sell and take profits when Bitcoin approached its all-time high, leading to high crypto inflows to Binance.
  • During previous market cycles, significant capital influxes to Binance were followed by price corrections as a result of selling pressure.
  • Current inflows to Binance are around $3 billion and declining, contrasting with much higher figures seen in previous peaks.
  • Whales are currently holding onto their Bitcoin holdings, suggesting an expectation of greater profit opportunities ahead.
  • Their decision to hold rather than sell indicates a strong bullish sentiment among these influential market players.
  • The observed behavior of Binance whales could potentially lead to further upward movement in Bitcoin's price.

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