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Whale Activity Spikes on Binance as Bitcoin Tests Critical Support
As Bitcoin continues to move sideways without a clear trend, whale activity on Binance has surged significantly. On July 25th, the Binance Whale Inflow metric showed a sharp spike, with the 30-day cumulative inflow increasing by $1.2 billion in a single day. The size and speed of this inflow triggered short-term selling pressure across the market. Meanwhile, retail investors have been steadily sending coins to exchanges. However, when compared to the scale of recent whale inflows, retail participation remains relatively minor. This imbalance strongly suggests that large holders are preparing to sell, creating additional pressure on price. As shown in the chart, retail inflows have been elevated for weeks, but this sudden whale spike introduced a new layer of fragility to Bitcoin’s price structure. Following this spike, Bitcoin was rejected from the $120K level and pulled back to the $115K–116K range. This area is now acting as a short-term support zone. If it fails to hold, a move toward the $110K level becomes increasingly likely. On the other hand, if Bitcoin can bounce strongly from this region, there is still potential to retest $121K and even attempt a new all-time high. In conclusion, the sharp rise in whale inflows to Binance reflects a notable shift in market dynamics. If this selling pressure cannot be absorbed by buyers, further downside may be inevitable. However, if support holds, the market could regain bullish momentum. In the coming days, the key to understanding Bitcoin’s next move will lie in how these whale inflows are absorbed by the market.