Three Bitcoin Binance charts reveal the setup behind the next big move
Binance data points to shifting liquidity flows and evolving trader positioning that may support Bitcoin’s next price move.
The next big breakout for Bitcoin (BTC) may hinge on changes unfolding across Binance’s exchange flows and derivatives activity.
Onchain data from the largest cryptocurrency exchange currently show a cooling of whale deposits, rising BTC withdrawals, and growing futures dominance, which may influence the next direction for Bitcoin’s price.
The Bitcoin exchange whale ratio on Binance, which measures the ten largest inflows relative to total exchange deposits, surged above 0.60 during early February, indicating strong selling by whales.