Bitcoin (BTC) is demonstrating strong demand across all market participants, with whales on Binance notably refraining from selling—a clear indicator of growing market confidence.
BTC's Recent Performance and Whale Behavior
After hitting a local low of $74,000 last week, Bitcoin staged an impressive recovery, climbing to $86,000. These gains reflect a shift in market sentiment, particularly among large holders (whales).
According to CryptoQuant, whale activity has cooled significantly. Key observations include:
- Decline in Whale Inflows: Over the past 30 days, whale inflow values dropped by $3 billion, mirroring patterns seen during the 2024 correction.
- Reduced Exchange Whale Ratio: Both whale inflows and the Exchange Whale Ratio on Binance are decreasing, signaling regained confidence among large holders.
- Short-Term Holder (STH) Activity Easing: STH selling pressure on Binance has declined, with BTC inflows (7DMA) falling from ~17,000 BTC in November to ~9,000 BTC recently.
👉 Why are whales holding Bitcoin?
Market Demand and Momentum Shift
Bitcoin’s Apparent Demand (30-day sum) is rebounding from deeply negative territory, suggesting a potential shift in market behavior. Key metrics supporting this trend:
- Taker Buy Sell Ratio Spike: Recently reached 1.07, indicating buyer dominance and rising demand.
- Fund Flow Ratio Decline: Dropped to 0.07, showing holders are avoiding aggressive selling.
Implications for BTC's Price Trajectory
With reduced selling pressure and increasing demand, BTC's recovery appears sustainable. Historical trends suggest that such conditions often precede price rallies.
Potential Scenarios:
- Bullish Outlook: If momentum holds, BTC could reclaim $87,167** (key resistance) and target **$88,600.
- Bearish Risk: A resurgence in seller activity could trigger a correction toward $82,460.
FAQs
Why are Binance whales not selling Bitcoin?
Whales are holding due to regained market confidence and anticipation of further price appreciation. Reduced inflows to exchanges suggest a long-term accumulation strategy.
What does the Taker Buy Sell Ratio indicate?
A ratio above 1 signals buyer dominance, reflecting heightened demand and accumulation.
How does STH activity affect BTC’s price?
Declining STH selling pressure reduces immediate downside risks, creating a healthier environment for price recovery.
👉 Explore Bitcoin market trends
Conclusion
Bitcoin’s recovery is underpinned by declining whale sales, easing STH pressure, and rising demand. While the path upward looks promising, traders should monitor volatility and key resistance levels. The current balance between holder confidence and buyer activity sets the stage for BTC's next major move.
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