Bitcoin ($BTC) recently hit a historic all-time high of $124,000 (Aug 14) before sharply correcting to $118,000. Since then, BTC has been consolidating, and on-chain signals suggest the next move could be shaped by Binance whale activity. 🐋
📊 Key Insights from CryptoQuant (Analyst: BorisVest):
Netflow Turns Positive: More BTC is flowing into Binance than leaving — a sign of potential sell-offs.
Exchange Reserves Rising: Investors are depositing coins on Binance, preparing to take profits.
Distribution Phase: Whales are strategically selling as new buyers enter the market.
Futures-Spot Gap: Active buyers exist, but selling pressure may outweigh demand in the short term.
💡 What this means:
Binance’s trading reserves are swelling — a classic sign of profit-taking mode.
Without strong new demand, whales selling into strength could spark short-term selling pressure.
The next 1–2 weeks may see Bitcoin stuck in a choppy, volatile phase.
🔥 Takeaway for Traders:
BTC is still in a long-term bull cycle, but short-term risks are real. Watching Binance inflows, whale activity, and futures premiums will be crucial for navigating this market.
👉 Stay sharp. The whales are moving.
