Recent tariff news has created a lot of fear, uncertainty, and doubt (FUD) in the Bitcoin market. Let’s see how the biggest Bitcoin players on Binance are reacting.
Binance Whale Activity: A Closer Look
A recent analysis looked at how large Bitcoin holders (“whales”) on Binance have been acting. One key indicator is the Exchange Whale Ratio. This shows the proportion of total Bitcoin deposits on Binance that come from the ten largest deposits (generally, whale activity).
A rising Exchange Whale Ratio means whales are responsible for a larger share of deposits. Since people usually deposit Bitcoin to exchanges before selling, a high ratio could suggest whales are driving a significant portion of selling.
Over the past year, the Binance Exchange Whale Ratio has been steadily increasing, implying whales are increasingly contributing to selling pressure. However, over the last month, this trend has slightly weakened. This short-term dip could be temporary, or it could signal a potential shift – potentially good news for Bitcoin’s price.
Whale Inflows: A Shrinking Trend
Another metric shows the total amount of Bitcoin deposited by whales on Binance. This figure was around $8.5 billion at its peak last year, but it’s now down to about $4.9 billion. This shows a significant decrease in whale deposit activity in recent months.
This is interesting, especially considering the recent market panic caused by tariff news.
The Verdict: Whales Aren’t Panicking (Yet?)
The analyst concludes that despite the market turmoil, Binance whales don’t seem to be panicking.
Bitcoin Price: A Quick Update
After a recent price jump of over 7%, Bitcoin has climbed back above $85,000.
