The crypto market is currently showing interesting dynamics. Recent data shows that even though the average realized price for Bitcoin deposits to Binance reached $63,000, the CDD Inflow metric remains low. This suggests that deposits are coming from short-term holders or new participants, rather than from long-held coins.
Experienced investors appear to be adopting a “hodl” mentality, refraining from selling despite Bitcoin’s price fluctuations. This trend indicates a decrease in selling pressure and increasing optimism in the market. Binance continues to be an important hub for institutional and retail investors, driving market sentiment and expectations for future price movements.