Bitcoin’s June decline has intensified, with the asset down 14% for the month as large holders increase transfers to Binance. Data shows whale inflows—transactions exceeding 100 BTC, or roughly $6 million—spiked to about 8,200 BTC on June 2 and more than 6,400 BTC on June 4. The trend matters because rising exchange deposits are often viewed as a sign that investors may be preparing to sell. Average monthly whale inflows to Binance have climbed from around 1,200 BTC in mid-April to more than 2,800 BTC, more than doubling in recent weeks. The increase adds short-term selling pressure, but similar spikes previously occurred during Bitcoin’s February drop below $60,000, suggesting some of the activity may reflect late-stage risk management rather than a coordinated market exit.
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