PULLBACK — WHALE RATIO FLASHES CAUTION 🚨
Bitcoin briefly touched $124K before slipping below $120K, now hovering near $118,336 — down 1.9% on the week.
On-chain data shows the whale exchange ratio above 0.50, a level often linked to short-term volatility. Large holders are moving coins, but more BTC is leaving exchanges than entering — a potential accumulation signal.
📊 Binance spot volume surged to $7B in a single day. Retail traders are becoming more active, with short-term holders selling into strength.
Whales, however, remain unusually quiet — just 1,170 BTC inflows compared to 14,610 BTC during July’s drop.
The next few days will be pivotal: can BTC reclaim $120K… or is a deeper correction on the way?
