Bitcoin Inflows to Binance Approach Annual High as Whale Ratio Hits 0.47

The exchange whale ratio across all platforms reached 0.47 on December 6, with large holders moving Bitcoin to trading venues, Cointelegraph reports. Binance's 14-day exponential moving average rose to 0.427, the highest since April, while the 30-day simple moving average of BTC inflows hit 8,915 coins on November 28, nearing the annual peak of 9,031 set on March 3. Rising inventory on Binance may weigh on Bitcoin as it seeks to hold support above $96,000, with upward momentum potentially limited until the market absorbs excess supply.