CryptoOnchain2026-11-07

Binance Whale Ratio 100D SMA Reaches 0.513 on Nov 6, 2026, Highest Since Sep 2017

The Exchange Whale Ratio on Binance reached nearly 1.0 on Oct 31, 2026, meaning large-holder transactions accounted for almost all of the measured flow that day. Its 100-day moving average rose from 0.481 on Oct 31 to 0.513 on Nov 6, while BTC fell from about 77.5K to 75.8K. The rise came during a weak price period. BTC is down 11.3% over one month but up 17.0% over three months. Binance was the target of a hot-wallet hack on Oct 29 in which about $6.2 to $6.4 billion was stolen. That event may have affected large transfers during the same window, so the moving average should be read with that in mind. Macro context: JOLTS rose to 7.52M job openings for September, released Nov 3. The NFP report is scheduled for Nov 6. The dollar index stood at 101.56, roughly unchanged over one month. These are US-level series and do not measure whale activity on Binance directly. One candidate explanation, unverified: the higher whale share may reflect transfers linked to the Binance hack or a reaction to macro data. "For now, the clearest reading is that whale activity on Binance has risen while price has declined, though the window is short and the series still needs verification."