We may be in a bear market but it won’t last forever – if not, why are all of these whales accumulating more and more Bitcoin?

Bitcoin Whales Accumulating on Binance According to On-chain Metrics

“Crypto markets may be in the depths of a lengthening bear market, but that provides the perfect environment to accumulate Bitcoin for those with conviction that there will be a recovery.

This is exactly what has been happening, according to CryptoQuant’s CEO, Ki Young Ju, who posted his findings on Oct. 20. The metrics reveal that Binance has the highest volume of BTC spot trading for the world’s premier crypto asset.

‘Since Bitcoin price hit the $20k level, Binance spot trading volume dominance skyrocketed, and it’s now 84%,’ he noted.”

https://cryptopotato.com/bitcoin-whales-accumulating-on-binance-according-to-on-chain-metrics/