BTC whale deposits to Binance halve, signaling easing sell pressure

Bitcoin selling pressure may be easing as the volume of BTC whale deposits to Binance has been cut in half in December, according to a market analysis. CryptoQuant contributor Darkpost noted that monthly BTC whale deposits to the exchange fell from $7.88 billion to $3.86 billion. The analyst explained that this slowdown in inflows from large-scale investors suggests a corresponding decrease in the supply of BTC waiting to be sold. However, Darkpost also pointed out that whales holding between 100 and 10,000 BTC still deposited $466 million, meaning the possibility of large-scale movements remains. The analyst concluded that while significant deposits can trigger sharp volatility, the current trend is relatively favorable for the market in the short term, as reduced whale inflows to Binance are generally a positive signal.