Recent on-chain data reveals a notable shift in Bitcoin whale behavior, pointing to a significant decline in selling pressure. According to the latest metrics, large holders are sending considerably less BTC to exchanges — particularly to Binance — compared to previous months.
The chart highlights BTC inflows to Binance, segmented by transaction size:
100–1,000 BTC
1,000–10,000 BTC
Over 10,000 BTC
💡 Historically, large BTC inflows to exchanges are commonly associated with potential selling activity, as assets are typically moved to trading platforms for liquidation or repositioning.
Whales are generally viewed as more disciplined and less reactive investors than retail participants. Their actions often reflect longer-term strategies rather than emotional responses to short-term price fluctuations. However, December proved to be a challenging period, even for this group.
Toward the end of November, BTC whale inflows to Binance surged sharply as Bitcoin corrected from its latest all-time high near $126,000. During that period, the monthly average inflow peaked close to $8 billion, coinciding with BTC’s decline below the $90,000 level.
This phase appears to have triggered a panic-driven reaction. Transactions in the 100–10,000 BTC range increased significantly, especially as price briefly broke below $85,000. The data suggests that some large holders chose to reduce exposure rapidly, reinforcing overall market selling pressure.
✅ The current situation looks markedly different.
Whale inflows have now fallen by nearly three times, standing at approximately $2.74 billion. Additionally, daily inflow spikes are far less frequent compared to the intense cluster observed in late November.
👉 This change in dynamics indicates a clear behavioral shift among whales. Instead of selling aggressively, large holders now appear to be adopting a wait-and-see approach.
The ongoing consolidation phase seems to encourage holding rather than distribution, significantly reducing the selling pressure from market participants whose actions often have a major impact on price structure.
Disclaimer:
This content is provided for informational and educational purposes only and reflects personal analysis. It does not constitute financial or investment advice. Readers are encouraged to conduct their own research before making any investment decisions. The author is not responsible for any financial outcomes resulting from actions taken based on this information.
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