- Binance’s Bitcoin whale ratio drops , signaling reduced large-scale selling pressure as whales slow exchange deposits, potentially easing bearish trends.
- Historical data links lower whale ratios to Bitcoin price rebounds , hinting at possible recovery if current trends mirror past market cycles.
Recent data indicates a decline in the Bitcoin Exchange Whale Ratio on Binance, a metric tracking the proportion of large transactions relative to total inflows. This ratio, calculated by dividing the top 10 Bitcoin deposits by the total inflow volume on the exchange, reflects the activity of major holders, often referred to as whales.
A decreasing ratio suggests these large traders are contributing less to overall exchange deposits compared to smaller participants.
When whales deposit significant amounts of Bitcoin on exchanges, it often precedes selling activity, as exchanges facilitate trading or profit-taking. A lower ratio, therefore, may signal reduced selling pressure from these entities.
Historical patterns highlighted in a CryptoQuant analysis show that similar declines in this metric preceded Bitcoin’s recovery from prolonged price stagnation in previous cycles.
The current downward trend, observed over recent months, mirrors movements seen during past market transitions. Analysts note that diminished whale-driven inflows could correlate with Bitcoin’s potential shift from a consolidation phase to renewed price momentum.
However, this interpretation depends on broader market conditions, including demand from smaller investors and external economic factors.
Separately, on-chain metrics reveal a surge in stablecoin transfers across networks. The total volume of stablecoins moved has spiked, as indicated by a sharp rise in the Tokens Transferred (Stablecoin) metric.
These increases typically occur during periods of price stabilization, following declines, rather than during active downturns. This pattern suggests entities may be accumulating assets through over-the-counter (OTC) channels, bypassing public exchange volatility.
Simultaneously, Bitcoin’s active addresses—a measure of network participation—have risen. Higher address activity often aligns with increased transaction volumes, reinforcing the credibility of the stablecoin surge. Combined, these trends imply a phase of accumulation, where investors acquire assets amid subdued market sentiment.
ETHNews analysts posit that prolonged accumulation phases, especially when paired with low futures market leverage, could set the stage for price rebounds. Futures markets, currently reflecting cautious sentiment, may see rapid upward movement if short positions are liquidated—a scenario known as a short squeeze. Unlike past rallies, such a reversal might avoid excessive volatility due to the absence of overextended leverage.
As of today, Bitcoin (BTC) is trading at $81,899, reflecting a 0.48% decline in the past 24 hours. Over the past week, BTC has dropped by 5.49%, and over the last month, it has seen a 14.57% decrease. Despite this correction, Bitcoin remains up 14.59% year-over-year, indicating long-term strength despite short-term volatility.
Bitcoin reached its all-time high for 2025 on January 20, when it peaked at $109,356. Since then, a correction phase has taken place, likely influenced by panic selling from investors who bought near the peak.
Glassnode reports that some BTC holders are selling at a loss, increasing downward pressure. However, reduced whale activity on Binance suggests selling pressure from large holders may be stabilizing.
