Bitcoin Whale Withdraws $64.22 Million From Binance Amid 400% Increase In Whale Ratio

A Bitcoin whale has recently withdrawn 600 BTC, valued at approximately $64.22 million, from Binance. This withdrawal brings the total amount of BTC moved by the same address over the past month to 2,500 BTC, currently worth $267.77 million. Despite the significant volume of BTC moved, the whale is currently facing an unrealized loss of around $2.18 million.

The consistent outflows align with recent data showing increased whale presence on Binance. The whale ratio metric, as tracked by CryptoQuant, has reportedly increased by 400% since the summer of 2023. This indicates a growing trend of large-scale investors moving their holdings off exchanges, potentially signaling a shift in market sentiment or strategy.

Recent data from CryptoQuant shows that 40% of all Bitcoin inflows to Binance now fall in the 10–100 BTC range. This category includes transactions typically linked to high-net-worth individuals, small institutions, or large retail traders. In contrast, only 20% of inflows fall in the 100–1,000 BTC whale bracket. This suggests that mid-tier investors are becoming more active on the platform, contributing to the overall inflow dynamics.

Meanwhile, these inflows are used to monitor the scale and behavior of different investor segments. The growing share of 10–100 BTC inflows suggests more active participation by mid-tier investors on the platform. This trend could indicate a broader interest in Bitcoin among a wider range of investors, not just the traditional whales.

On-chain analyst Darkfost noted a surge in Bitcoin’s long-term supply. This refers to coins that have remained unmoved for over six months. These holdings are now reaching one of the highest levels ever recorded while Bitcoin trades above $100,000. Coins currently entering this category were mostly acquired between $95,000 and $107,000. Such a strong commitment to holding has only occurred six times in Bitcoin’s history, indicating a reluctance to sell, even at current price levels, which may support stability in the short term.

This pattern of long-term holding suggests strong market conviction among investors. Despite the large-scale withdrawals and shifting inflow dynamics, Bitcoin’s price remains within a narrow range. At press time, Bitcoin’s price was trading at $107,175, reflecting a 0.27% decline over the past 24 hours but a 0.97% gain in the past seven days. This stability, despite significant movements in the market, underscores the resilience of Bitcoin’s value proposition.