Увеличение вывода биткоина с Binance сигнализирует о накоплении инвесторов Translation: Increased Bitcoin Outflows from Binance Signal Investor Accumulation

The pressure from sellers in the digital gold market is waning. This is indicated by the negative trend in the net inflow of cryptocurrency to the Binance exchange, according to analyst Burak Kesmetci from CryptoQuant.

The expert highlighted the 30-day moving average (SMA30) of this metric, noting that in recent weeks, the trend has distinctly turned negative, with investors withdrawing more bitcoins from the exchange than they are depositing.

The analyst pointed out that this trend suggests a phase of accumulation where market participants prefer to hold onto their assets rather than sell them. He emphasized that when assessing the trend, one should focus on the 30-day average rather than daily fluctuations.

This scenario is further supported by data from Glassnode, which shows that open interest in Bitcoin has dropped by approximately 30%, leading to a reduction in excess leverage in the market.

With neutral funding rates, the market has become vulnerable to mass liquidations.

On October 21, the net inflow into spot Bitcoin ETFs in the USA amounted to $477.19 million, following several days of capital outflows exceeding $1 billion.

Leading the pack was the IBIT from BlackRock with an inflow of $210.9 million, while the ARKB from Ark & 21Shares attracted $162.8 million, and Fidelity’s FBTC brought in $34.15 million.

Spot Ethereum ETFs also recorded an inflow of $141.66 million.

The highest influx was seen in Fidelity’s FETH ($59 million). Inflows were also reported from products offered by BlackRock, Grayscale, and VanEck.

It’s worth noting that analyst PlanB has stated that fundamental indicators point to continued growth in the cryptocurrency market, despite recent corrections.