Bitcoin Price Holds Below $110,000 as Mid-Tier Investors Increase Activity

Bitcoin is currently priced at $106,841, reflecting a 0.4% decline over the past 24 hours, while consolidating below the $110,000 level. The asset reached a daily high of $107,884 but appears to be stabilizing in a narrow range.

Key Insights on Bitcoin Activity

  • New analysis indicates increased whale-level participation and notable activity from mid-tier investors on Binance.
  • Wallets depositing between 10 and 100 BTC account for 40% of all Bitcoin inflows on Binance.
  • Whale inflows (100–1,000 BTC) represent 20% of total inflows, suggesting mid-tier investors are driving more exchange activity.
  • On June 16, 10,000 BTC inflows constituted 83% of total exchange inflows on Binance.
  • Whale presence has reportedly increased by 400% since mid-2023 according to CryptoQuant’s whale ratio metric.
  • The average Bitcoin deposit on Binance rose from 0.36 BTC in 2023 to 1.65 BTC in 2024.
  • Binance processed $21.6 billion in user fund deposits in 2024, surpassing the next ten exchanges combined by approximately 40%.
  • Mid-tier wallets show consistent activity, indicating a healthier market with distributed liquidity.

These developments may influence Bitcoin's next price movements as it continues to consolidate near key levels.