Bitcoin Whale Inflows to Binance Drop 50% in 30 Days

Bitcoin whales have moved just $3.27 billion of BTC to Binance over the past 30 days, marking the lowest whale inflow since November 2024. This decline in whale activity signals a reduction in sell-pressure from major holders, as fewer coins entering exchange order books often underpin stronger price support.

CryptoQuant analyst JA Maartunn explains that during the rallies in March and November 2024, whale inflows surged above $6.17 billion and $8.44 billion respectively. These peaks coincided with sharp pullbacks, as whales locked in gains at higher prices. The current subdued whale deposits suggest that holders now prefer to retain or relocate coins off-exchange, potentially moving BTC into cold storage or over-the-counter venues, thereby reducing visible supply.

As a result, the market faces tighter liquidity. Lower sell-walls on Binance create room for price advances, which traders often view as a bullish backdrop. On the price front, Bitcoin recently climbed to about $104,000, finding support partly because large-scale sell orders failed to materialize. Last week, data showed that ‘new Bitcoin whales’ hold most of the capital, having bought at an average price of $91,922, indicating their aim for a much higher selling price.

However, macro factors such as policy decisions, regulatory shifts, and geopolitical events can still influence market direction and trigger sudden supply surges. Additionally, on-chain metrics show long-term holders increasing their positions, a trend that often precedes sustained up-moves as coins effectively vanish from the circulating supply.

Nonetheless, subdued whale activity does not guarantee uninterrupted gains. Retail sentiment, derivatives positioning, and institutional flows can reignite volatility. Ultimately, the six-month low in Binance whale inflows reflects tentative confidence among large holders. If whales maintain this restraint, Bitcoin may find firmer footing above $100,000. Yet market watchers will track any shift in whale behavior for early warning of changing sentiment.