Two More Reasons for Another Bull Market: Binance, ETH Whales
Investors see an accumulation opportunity while the cryptocurrency market hovers in a low-volatility range.
According to data provided by DefiLlama, Binance, one of the top crypto exchanges by daily trading volume, saw a net outflow of $1.22 billion over the past week.
Most of the outflows, worth $932 million, surfaced in the last 24 hours alone.
OKX, a leading crypto exchange, also recorded a net outflow of $340 million in the past seven days.
Historically, outflows from centralized exchanges, especially Binance, which has high liquidity for traders aiming to cash out, have shown long-term accumulation and investors’ optimism for a potential bull run.
Whales and Institutions Go Bullish
Ali Martinez, a well-known crypto analyst, posted on X that Ethereum ETH $2 559 24h volatility: 0.3% Market cap: $308.90 B Vol. 24h: $16.38 B whales, holding between 10,000 and 100,000 ETH, purchased 200,000 ETH over the weekend, on July 5 and 6.
Whales bought 200,000 Ethereum $ETH over the weekend! pic.twitter.com/QPOFXrHCrX
— Ali (@ali_charts) July 8, 2025
Moreover, the Japanese Bitcoin BTC $108 323 24h volatility: 0.4% Market cap: $2.15 T Vol. 24h: $26.26 B treasury firm Metaplanet bought 2,205 BTC, worth nearly $240 million, on July 7.
The US-based spot BTC exchange-traded funds added to the optimism with a net inflow of $216.5 million on July 7.
The strong whale accumulation and CEX outflows, combined with the institutional purchase, will likely trigger another bull run for the crypto market.
However, it’s important to note that the macroeconomic situation is still not clear. For instance, a bearish US Consumer Price Index announcement, scheduled for July 15, could trigger fear and vice versa.
The post Two More Reasons for Another Bull Market: Binance, ETH Whales appeared first on Coinspeaker.
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No Competition with Bitcoin, Ethereum to $1.5M?
Two More Reasons for Another Bull Market: Binance, ETH Whales
Investors see an accumulation opportunity while the cryptocurrency market hovers in a low-volatility range.
According to data provided by DefiLlama, Binance, one of the top crypto exchanges by daily trading volume, saw a net outflow of $1.22 billion over the past week.
Most of the outflows, worth $932 million, surfaced in the last 24 hours alone.
OKX, a leading crypto exchange, also recorded a net outflow of $340 million in the past seven days.
Historically, outflows from centralized exchanges, especially Binance, which has high liquidity for traders aiming to cash out, have shown long-term accumulation and investors’ optimism for a potential bull run.
Whales and Institutions Go Bullish
Ali Martinez, a well-known crypto analyst, posted on X that Ethereum ETH $2 559 24h volatility: 0.3% Market cap: $308.90 B Vol. 24h: $16.38 B whales, holding between 10,000 and 100,000 ETH, purchased 200,000 ETH over the weekend, on July 5 and 6.
Whales bought 200,000 Ethereum $ETH over the weekend! pic.twitter.com/QPOFXrHCrX
— Ali (@ali_charts) July 8, 2025
Moreover, the Japanese Bitcoin BTC $108 323 24h volatility: 0.4% Market cap: $2.15 T Vol. 24h: $26.26 B treasury firm Metaplanet bought 2,205 BTC, worth nearly $240 million, on July 7.
The US-based spot BTC exchange-traded funds added to the optimism with a net inflow of $216.5 million on July 7.
The strong whale accumulation and CEX outflows, combined with the institutional purchase, will likely trigger another bull run for the crypto market.
However, it’s important to note that the macroeconomic situation is still not clear. For instance, a bearish US Consumer Price Index announcement, scheduled for July 15, could trigger fear and vice versa.
The post Two More Reasons for Another Bull Market: Binance, ETH Whales appeared first on Coinspeaker.
Read More