The Response of Binance Whales to Market Turbulence and Bitcoin's Rise
Bitcoin's price has seen a strong recovery this week, reaching near $85,000 after falling below $74,000. Despite market instability due to Trump's tariff imposition, Binance whales are showing no signs of panic amid macroeconomic uncertainty.
Two key indicators, the Exchange Whale Ratio and the Binance Whale to Exchange Flow, suggest that while whale participation in Bitcoin remains significant, their short-term influence might be waning, indicating reduced selling pressure. Additionally, there's a noticeable decline in whale inflows, suggesting less aggressive selling and a preference for holding onto positions.
In contrast, US institutional investors have shown signs of unease, with significant outflows from Bitcoin funds, particularly from BlackRock's IBIT fund.