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BTC/XRP whale funds flock to Binance during market fluctuations | Market Trend Analysis

2025/05/02 10:42 (Updated 2025/05/02 20:00)
CoinPost
Written by L.Kikutani
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BTC/XRP whale funds flock to Binance during market fluctuations | Market Trend Analysis
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Table of Contents

  1. Where is the whale money going?

Where is the whale money going?

A Cryptoquant report dated April 30th revealed that Binance, Coinbase, and Kraken are the three major exchanges that are the main recipients of Bitcoin (BTC) from large investors (whale players) during market fluctuations. In particular, when the BTC price fell below $90,000 on February 25th, Binance received 11,300 BTC of whale funds, far exceeding Coinbase (4,900 BTC) and Kraken (800 BTC). The tendency for large funds to concentrate on these major exchanges during price fluctuations is becoming clear.

As for XRP, Binance has been the overwhelming recipient of large funds...

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