CryptoQuant: Bitcoin whale inflows to Binance halved in December

CryptoQuant's analysis indicates that the inflow of Bitcoin whales to Binance has significantly decreased, dropping from approximately $7.88 billion to $3.86 billion, a decline of 50%. Despite the overall downward trend, there have still been some large transactions in the market, including a whale inflow of $466 million.

The analysis suggests that a reduction in large deposits typically means less selling pressure, which provides support for the short-term market.

As the platform with the largest inflow among exchanges, changes in whale activity on Binance are seen as an important indicator of market sentiment.