The behavior of Binance whales is quite surprising at the moment, as BTC has once again confirmed its resilience by holding above the $100 000 mark.
Typically, when Bitcoin approaches or surpasses its all-time high, Binance whales take the opportunity to sell and realize profits, which is reflected by a significant increase in inflows to the exchange.
When we look at and compare the monthly inflow volumes on Binance, we see that during the early 2024 top, inflows reached over $5.3 billion, and even $8.45 billion and $7.24 billion during the previous cycle peak.
These peaks were followed by short to medium term corrections.
Today, however, inflows are just around $3 billion and are continuing to decline, suggesting that these whales prefer to keep holding and are expecting even greater profit opportunities ahead.
Given the considerable market impact that these whale inflows can generate, the current stance of Binance whales should not be overlooked, it clearly signals a bullish sentiment on their end.
Written by Darkfost
