Is Binance quietly accumulating $WBETH for a supercycle? Last week, the team mentioned the minted return of #Binance after a 4-month absence and also said that this was a positive signal for the price of Binance -> This has been proven this week. However, looking deeper into Money Flow, we can easily see that this amount $WBETH is not in hotwallets to serve the Staking needs of small entities, but is transferred directly to the main storage wallet, the Cold Wallet. This trend has been ongoing since the middle of last year and is showing signs of accelerating again in the early part of this year. While large institutions have their Staking paths, Binance has chosen its own distinct staking route. With this move by large entities and Binance, will the supercycle truly unfold as CZ predicted?
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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