A recent report by analyst Crazzyblockk and CryptoQuant shows a surge in Bitcoin inflows to Binance, driven by mid-sized holders like Fish and Sharks.
Fish, Sharks, and Crabs are active on Binance, indicating a reliance on the platform for trading and liquidity among retail and institutional investors.
Long-Term Holders (LTHs) are moving Bitcoin to Binance, likely realizing gains amidst market strength, potentially causing selling pressure.
Whales and Humpbacks are not actively contributing to the inflow activity, possibly waiting for higher prices or using OTC desks for liquidity, showing a mature market outlook.