Digital Currency
Add as a preferred source on GoogleWhale-classified deposits came to $4.6 billion in the same reading. The measure captures transfers to Binance, not completed sales.
CryptoQuant’s Oct. 17 reading put retail-classified Bitcoin (BTC) deposits to Binance at $10.78 billion over 30 days, compared with $4.6 billion for whale-classified transfers.
The reading values transfers into Binance during a 30-day period, but it contains no confirmation of trades made after arrival.
EconoTimes previously examined the difference between the two categories in its account of Binance deposit flows.
Short positions contributed $63.43 million, and an ETHUSDT contract on Binance logged the largest individual liquidation, worth $3.01 million.
The dataset recorded 0.4945 at the Oct. 24 UTC close and 0.5683 on Oct. 1. Its methodology labels readings below 0.45 “bargain,” from 1.20 to 3.00 “caution” and above 3.00 “bubble.”
The reading was four points below the previous day’s 54; Alternative.me classified both readings as neutral.
