We often hear about a contradiction in the behavior of investors categorized as whales and retail.
This is exactly what is happening now when analyzing data from Binance in the short term.
These two charts illustrate BTC inflows to Binance, one of the largest exchanges by volume, based on investor categories as whales and retail traders.
When investors send Bitcoin to exchanges, it is primarily to sell.
The first chart shows that over the past month, retail investors on Binance have significantly increased their BTC deposits, reaching approximately 6,000 BTC.
In contrast, the second chart highlights a completely different behavior from whales, whose BTC inflows to Binance have dropped by a factor of four, now sitting at around 1,000 BTC.
This is a perfect example of the contrasting behaviors between whales and retail traders and it is often considered a better choice to follow whales rather than retail investors
Written by Darkfost
