🐜 Retail Investors Increase Exchange Deposits to Binance
* The 7-day moving average of Bitcoin inflows from (STHs) to Binance has surged dramatically—from around 10,000 BTC to over 36,000 BTC by the end of July.
* This sharp increase, as visualized in the chart, suggests unusual activity among retail traders, likely driven by profit-taking behavior.
* Such a spike in exchange inflows typically indicates that short-term investors are preparing to sell, especially when prices reach new highs.
* The timing aligns with Bitcoin’s recent rally to record levels, reinforcing the hypothesis that individual traders are reducing their exposure to BTC.
🐋 Whale Screener: Aggressive Ethereum Accumulation:
* In stark contrast to retail behavior, the Whale Screener chart reveals a massive accumulation event.
* On July 31st, tracked whale wallets withdrew over $900 million worth of ETH from centralized exchanges.
* Such large-scale withdrawals are typically associated with accumulation strategies, where whales move assets off exchanges to cold storage, signaling a bullish outlook.
🏦 Macro Context: Fed Decision Fuels Divergence
The divergence between retail selling and whale accumulation becomes clearer in light of the Federal Reserve’s recent decision to hold interest rates steady.
While this move was broadly expected, it has reinvigorated institutional interest in crypto assets.
Retail investors, on the other hand, appear to be more risk-averse, preferring to lock in profits rather than ride the wave of institutional buying.
This behavior underscores a recurring market dynamic: retail tends to sell into strength, while whales accumulate during periods of macroeconomic clarity.
Written by Amr Taha
