Binance is up over 50,000 BTC in the past month.
Bitcoin traders may be gearing up for a sell-off as data shows tens of thousands of coins moving to exchanges.that global trading volume leader Binance’s BTC balance rose by over 50,000 BTC in the past 30 days.With BTC/USD setting multimonth highs regularly since mid-March, the temptation to sell for both long-term and short-term holders has undoubtedly increased.
As large as those numbers seem, the past week dwarfs the rate at which funds have entered the exchange’s wallets, with the balance tallying up 22,000 BTC in the past seven days alone.
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