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Bitcoin’s largest holders have been quietly shifting positions on Binance, signaling a more balanced market amid stable price conditions. According to on-chain analyst Arab Chain, the whale ratio—a metric used to gauge the proportion of
stored on exchanges—recently fell to 0.47, a level lower than what was seen in early August and July. This suggests a more measured approach by large investors rather than a mass sell-off [1].Despite the price briefly breaking above $124,000, the absence of a corresponding spike in the whale ratio points to a different dynamic compared to previous price surges. In mid-July, the ratio had briefly exceeded 0.80 while Bitcoin hovered near $117,000, a level often associated with whales preparing to offload their holdings. This time, however, a similar pattern did not emerge, indicating that large holders may be either waiting for a more favorable moment or have already adjusted their strategies [1].
The market’s resilience to potential selling pressure further suggests that liquidity remains strong. Some analysts speculate that whale deposits to exchanges have been used for hedging or derivatives trading, rather than immediate liquidation [1]. The lack of significant price drops despite whale ratio fluctuations between 0.3 and 0.6 from June to August supports the idea that institutional buyers and hedge funds are stabilizing the market, or that whales are gradually managing their positions to avoid sudden shocks [1].
The current ratio range of 0.4–0.5 is seen by some as a positive sign for the continuation of the Bitcoin rally. If the ratio remains within this band without sharp spikes, the price could potentially reach a new all-time high. However, a rise above 0.7 in the $120,000–$124,000 price range could signal a major distribution event and open the door for a correction [1].
Meanwhile, the movement of large Bitcoin holders coincided with significant retail activity. According to Bloomberg, Bitcoin and
spot ETFs saw $40 billion in trading volume in a single week—the largest in history—highlighting a growing inflow of institutional capital [1]. In contrast, Bitcoin’s dominance has dipped slightly below 60%, and signs of renewed interest in altcoins are emerging. Stablecoin issuance has increased, along with institutional ETH holdings, while online search trends indicate a shift in focus for investors looking beyond Bitcoin [1].On-chain data also reveals a notable shift in market activity, with retail traders now playing a larger role in the futures space, a domain traditionally dominated by whales [1]. Meanwhile, a large 3,000 BTC transfer worth $353 million was recorded on August 7, marking one of the few recent movements by a dormant whale and potentially signaling institutional involvement [2]. This activity aligns with broader on-chain trends observed in the past week [1].
BNB holders have also been actively realigning their positions, with some suggesting that movements could “rewrite the charts” once key resistance levels are tested [1]. This indicates that Binance-based large holders are closely watching price levels and preparing for potential volatility while the market remains relatively calm.
Bitcoin’s whale accumulation has increased by 12% over the past 48 hours, further reinforcing the bullish sentiment among large investors [9]. Despite the steady price action, the absence of bearish divergence at key levels such as $88,000 supports the idea of a consolidating market poised for a potential breakout [8].
Beyond Bitcoin, other tokens are also seeing whale activity.
holders have accumulated 2 billion in the past week, likely in anticipation of exchange listing events [6]. Cardano’s price is trending upward toward $0.86, hinting at a possible breakout after months of sideways movement [7]. has seen a 40% increase in whale activity, but the price has remained largely unchanged, suggesting coins are being moved to cold storage rather than sold [10].A $10.2 million LINK withdrawal from a new wallet on Binance was also recorded [3], indicating potential institutional interest or long-term holding strategies. This activity contributes to a broader trend of reduced liquidity on exchanges, which could shape short-term market dynamics.
The overall trend in whale behavior highlights the importance of large holders in shaping market sentiment. While major asset prices remain stable, the underlying shifts in ownership suggest a build-up of momentum. In a market where timing is crucial, the current phase of quiet accumulation may serve as a precursor to more significant price movement.
Sources:
[1] title1.............................(https://coinmarketcap.com/community/articles/68a0878f27f7130b8ec622c6/)
[2] title2.............................(https://www.binance.com/en/square/post/28379247262378)
[3] title3.............................(https://www.ainvest.com/news/chainlink-secured-surges-90-2025-partnerships-drive-growth-2508/)
[6] title6.............................(https://coinstats.app/news/8ed3a5c875aafc3638a12432a1e395bd9d6f83462435d40d6c955d1a5d58a5b6_2-Billion-DOGE-Bought-by-Whales-Over-Seven-Days-Details/)
[7] title7.............................(https://crypto-economy.com/cardano-finally-looks-primed-for-breakout-but-whales-are-moving-cash-into-this-viral-newcomer-over-ada/)
[8] title8.............................(https://www.facebook.com/groups/cryptogb/posts/24181****51472083/)
[9] title9.............................(https://x.com/romuloacos58062)
[10] title10.......................(https://u.today/shiba-inu-sees-40-spike-in-whale-activity-coinbase-xrp-holdings-continue-to-decline-100-ethereum)

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