Mignolet
weekend's Bitcoin price increase was led by Binance whales.
Since September, I have consistently highlighted that the price increase has been driven by Binance, based on various data points. weekend's price surge showed signs of Binance whale involvement, as the CPG dropped into the negative range. This current price rise has strong momentum, and the shifted trend is unlikely to reverse easily. While many are focused on U.S. money and BTC ETF, I have been emphasizing since September that attention should remain on Binance whales.