Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Bitcoin whale deposits on Binance double amid 14% June price drop, signaling increased selling pressure.

Market News
05 Jun 2026
Blockonomi
View Source
Bearish
pluang ai news

Bitcoin has seen a sharp rise in whale deposits on Binance, reaching 8,200 BTC on June 2nd, the highest since February's drop. This surge coincides with a 14% price decline in June, indicating growing short-term selling pressure as large holders reposition. Despite significant absorption of over 1.24 million BTC by MicroStrategy and ETFs since early 2023, Bitcoin's price remains pressured near the $53,000 average investor cost basis, a level historically linked to bear market floors. Market watchers remain uncertain if this signals a deeper correction or a late-cycle sell-off.

More News

Magnum Ice Cream CEO acquires 6,825 shares worth €100,150 on Amsterdam Stock Exchange

Magnum Ice Cream CEO acquires 6,825 shares worth €100,150 on Amsterdam Stock Exchange

Peter Ter Kulve, CEO of The Magnum Ice Cream Company N.V., purchased 6,825 ordinary shares at €14.67 each on June 4, 2026, totaling approximately €100,150. This transaction was reported under EU and UK Market Abuse Regulation requirements. The acquis...

Market News
Neutral
54 minutes ago
Agentic AI market for scientific research to grow 57% in 2026, reaching $0.4B, driven by automation and AI advances.

Agentic AI market for scientific research to grow 57% in 2026, reaching $0.4B, driven by automation and AI advances.

The agentic AI market in scientific discovery is projected to grow from $0.26 billion in 2025 to $0.4 billion in 2026, a 57% increase, fueled by automation, advanced AI tools, and expanding digital research databases. This growth is expected to conti...

Market News
Bullish
1 hour ago
AI in VR and AR market to hit $122.48B in 2026, driven by tech advances and FittingBox acquisition of Ditto.

AI in VR and AR market to hit $122.48B in 2026, driven by tech advances and FittingBox acquisition of Ditto.

The AI in virtual and augmented reality market is projected to grow from $83.72 billion in 2025 to $122.48 billion in 2026, with a CAGR of 46.3%, fueled by advancements in AI, increased investment, and demand for personalized experiences. The market ...

Market News
Bullish
1 hour ago
AI-powered cancer diagnostics market to nearly double by 2030, driven by tech advances and rising cancer cases.

AI-powered cancer diagnostics market to nearly double by 2030, driven by tech advances and rising cancer cases.

The global AI in cancer diagnostics market is projected to grow from $0.96 billion in 2026 to $1.97 billion by 2030, driven by advancements in AI, machine learning, and imaging systems. Increasing cancer prevalence worldwide and the demand for early ...

Market News
Bullish
1 hour ago
DevvStream shares jump 19% pre-market after $6M private placement announcement

DevvStream shares jump 19% pre-market after $6M private placement announcement

DevvStream Corp's stock surged 19.37% in pre-market trading following news of a $6 million private placement of convertible preferred stock with EEME Energy SPV I, LLC. The funding, partly received, will support DevvStream's investment in Southern En...

Market News
Bullish
1 hour ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App