Bitcoin News Today: Bitcoin Bull Run Faces Correction Risks as Whale Inflows Surge

Large inflows of Bitcoin from whale investors into Binance have raised concerns that the ongoing bull run may be losing momentum and could soon face a correction. Following Bitcoin’s inability to break decisively above the $120,000 level in mid-July, whale activity has remained elevated, with inflows to Binance staying within the $4 billion to $5 billion range for much of July and early August [2]. Arab Chain, a contributor to CryptoQuant, noted that this pattern—combined with a declining price—suggests a distribution phase is underway, where large holders move assets onto exchanges ahead of potential price declines [2].

The persistence of whale inflows despite falling prices indicates that these large investors may either be actively selling or waiting for a rebound before exiting. The situation is further complicated by the recent increase in retail inflows to Binance during the same period. While retail participation often fuels bullish momentum, the lack of a corresponding price breakout suggests that retail buyers are stepping in as a source of liquidity for whales—typical behavior seen near market peaks [2].

Historically, similar whale-to-exchange flow patterns have signaled the end of bullish cycles and the start of correctionary phases. The CryptoQuant data highlights this trend, showing a sustained purple zone of whale inflows in July and early August, while the BTC price declined in a mirrored fashion. This distribution dynamic increases the likelihood of further downward pressure on Bitcoin unless the inflows reverse [2].

Bitcoin has since recovered somewhat from a recent low of $111,800, trading near $116,500 as of press time [2]. However, analysts remain cautious, noting that the absence of a strong push above previous resistance levels—particularly $120,000—has weakened bullish conviction. Some have warned of a potential retest of the $111,000 support level, with the Short-Term Holder (STH) realized price indicating fragile support [5].

Despite these bearish signals, not all investors are pessimistic. A segment of the market continues to employ accumulation strategies like Smart Dollar-Cost Averaging to build BTC positions in anticipation of a potential rally into 2025. CryptoQuant analyst Oinonen has pointed to Bitcoin’s historical performance in the fourth quarter as a reason for cautious optimism, forecasting a possible move toward a new all-time high of $200,000 [2].

The market’s current state reflects a tug-of-war between whale-driven distribution and retail-driven demand. While the price has stabilized somewhat, the internal market dynamics suggest that the bull run is at a critical juncture. If whale inflows continue and upward momentum fails to resume, the market could enter a more prolonged correction phase [2].

[1] NewsBTC: [https://www.newsbtc.com/bitcoin-news/bitcoin-bull-binance-whale-exchange-flow-price/](https://www.newsbtc.com/bitcoin-news/bitcoin-bull-binance-whale-exchange-flow-price/)

[2] CryptoniteUae: [https://www.cryptonite.ae/global/bitcoin-bull-run-ending-whale-distribution](https://www.cryptonite.ae/global/bitcoin-bull-run-ending-whale-distribution)

[3] BeInCrypto: [https://beincrypto.com/btc-price-rally-nears-end-as-whales-sell/](https://beincrypto.com/btc-price-rally-nears-end-as-whales-sell/)

[4] InvestX: [https://investx.fr/en/crypto-news/is-bitcoins-bull-run-already-under-threat/](https://investx.fr/en/crypto-news/is-bitcoins-bull-run-already-under-threat/)

[5] Advfn: [https://www.advfn.com/stock-market/COIN/OPUSD/crypto-news/96592324/bitcoin-s-comeback-or-bull-trap-analysts-warn-of](https://www.advfn.com/stock-market/COIN/OPUSD/crypto-news/96592324/bitcoin-s-comeback-or-bull-trap-analysts-warn-of)