Analyzing Bitcoin’s retail vs whale dynamics and their effect on the price – BitRss

• BTC ($102,074.78) has declined by 1.18% over the past 24 hours.
• Bitcoin’s retail investors’ deposits on Binance surged to 6k BTC, surpassing whale inflows.

Since reaching a new ATH of $109k, nearly two weeks ago, Bitcoin [BTC] has continued to trade sideways.

Over this period, it has remained stuck within the $98k and $107k consolidation range. The recent conditions point towards potential changes in market dynamics.

According to CryptoQuant, this major shift in dynamics has now been observed in whales and retail traders’ behavior.

Bitcoin retail traders outpace whales

The analysis posits that retail traders are outpacing whales on exchange deposits.

Over the past month, retail investors on Binance have significantly increased their BTC deposits, reaching approximately 6,000 BTC.