PANews reported on October 23rd that CryptoQuant analyst Maartunn has monitored the inflow of $5.56 billion into Binance over the past 30 days, with whales inflowing over 1,000 BTC. This indicator, used to track significant whale inflows, has a significant impact on Bitcoin price trends.
Data shows that there was a significant peak in capital inflow on October 21, with a total inflow of US$1.07 billion, including the following large transactions:
- 04:00: $43.74 million
- 08:00: $21.63 million + $162.24 million
- 10:00: $143.77 million + $323.43 million
- 5:00 PM: $39.45 million
- 18:00: US$336.95 million
The price of Bitcoin rose from $108,000 to $113,000 that day before falling back to $108,000, suggesting that these large capital flows may have had a direct impact on price fluctuations.
