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Jake Simmons

Binance Sees Whale BTC Inflows Spike on June 2 and June 4 as June Drawdown Deepens

Bitcoin's June pullback has coincided with a jump in large BTC deposits to Binance, reviving a pattern that CryptoQuant analyst Darkfost says was last prominent during February's stress period. Whale inflows were about 8,200 BTC on June 2 and over 6,400 BTC on June 4, while the monthly average rose from roughly 1,200 BTC since mid-April to above 2,800 BTC. Bitcoin was near $62,533 at the time of writing, and Darkfost said BTC is down 14% in June as some large holders shift into a more defensive stance.
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