The post Bitcoin Investors Keep HODLing On Binance Amid Rising Market Volatility appeared on BitcoinEthereumNews.com.

Crypto market is experiencing a heightened volatility and bullish sentiment. However, as per the CryptoQuant analyst “oinonen_t,” despite this growing market volatility and high prices, Bitcoin ($BTC) holders are steadily holding on Binance, showing a great trust in the prominent crypto exchange. The popular crypto analyst took to social media to reflect on the current optimism among the Bitcoin investors on Binance. Smart Money Trusts Binance for Execution “Binance’s bitcoin investors seem to be holding their assets during elevated volatility, mirrored by the unrealized profit of bitcoin reserves. This behavior reflects long-term dedication, in market volatility.” – By @oinonen_t pic.twitter.com/gKuoDphNUP — CryptoQuant.com (@cryptoquant_com) May 10, 2025 Binance Sees Doubled Whale and Institutional HODLing amid Growing Volatility The data from the crypto analytics firm CryptoQuant points out that Binance currently occupies above 40% of the worldwide spot trading volume. In addition to this, the well-known crypto exchange also commands up to 50% of the cumulative $BTC spot trading volume as of this year’s 1st quarter. Moreover, Binance is also supported by a worldwide consumer base surpassing 250M and more than $140B in user assets. Hence, it has outcompeted its overall centralized exchange competitors. Although conventionally backed by a large number of retail investors, the exchange is currently witnessing a surging whale and institutional activity. Hence, the smart money traders are increasingly utilizing the infrastructure of Binance to effectively organize and carry out high-value transfers. Apart from that, the on-chain wallet analysis also highlights this wide-ranging shift. One such instance includes “5E585…..3C3B9” (a wallet potentially linked with a large institution) obtained 200M $XRP tokens during April’s last days. Additionally, another such wallet “6fcb4…..eadd3” has reportedly transferred 1,500 $BTC coins to a wallet on Binance in mid-April. Moreover, a third wallet “0x39e…..0c212” also obtained 60,813 $ETH at March’s end. These significantly high-net-worth wallet…

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Filed under: News - @ May 10, 2025 11:01 pm