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Whale Activity on Binance Signals Bitcoin Breakout Incoming, Says CryptoQuant

  • Coordinated wave of bullish whale activity on Binance indicates growing investor conviction in Bitcoin's upside potential.
  • Binance witnessed one of the largest Bitcoin outflows this month, suggesting cold storage accumulation and reducing sell pressure.
  • BTC's price uptrend aligns with the recent movement, reinforcing expectations for a bullish continuation.
  • Two major stablecoin deposits on Binance, exceeding $400 million each, serve as buy-side liquidity prep signaling intent to re-enter crypto markets.
  • BTC exiting exchanges while stablecoins flood in sets a supply-demand imbalance, priming the market for a potential breakout.
  • CryptoQuant sees this as a return of risk appetite among large holders, potentially leading Bitcoin to test higher resistance zones.

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