Historically, these trends indicate decreasing selling pressure and a growing conviction in BTC’s long-term value and potential. This development is raising the question of whether the next rally for BTC is about to kick off, especially as the crypto king gains upward traction.
After examining the Bitcoin Exchange Netflow on Binance ratio, the expert revealed that the key metric has turned negative, falling below -100 BTC. Presently, the current value is positioned at -311 BTC, suggesting the reevaluation of centralized investors’ holdings.
According to the researcher, tracking this trend is especially intriguing because whole coiners represent a very particular type of investor, whose actions can provide valuable insights into the market. Given how costly BTC is now, owning a single complete Bitcoin has nearly become symbolic, which makes this group unique.
