After examining and contrasting the monthly inflow volumes on Binance, Darkfost revealed large inflows into the platform as BTC reached a top in early 2024. During the period, large-scale BTC inflows rose to a value of $5.3 billion. In addition, a significant amount of $8.45 billion and $7.24 billion BTC inflows were recorded at the height of the preceding cycle, which were succeeded by short-term to medium-term corrections.
Overall, Darkfost has warned that the current position of Binance whales should not be disregarded. This is because it clearly signals a bullish sentiment on their end, considering the significant market impact that these whale inflows can produce.
