TLDR:
Whale inflows to Binance dropped to 1,600 BTC daily, easing sell pressure after February’s peak
Bitcoin remains range-bound between $65K support and $75K resistance, reflecting market uncertainty
February’s 11,800 BTC inflow spike aligned with a sharp drop from $90K to $65K levels
Lower highs in price action signal weak momentum despite reduced whale-driven selling activity
Bitcoin is showing resilience within a broad range, even as whale-driven selling activity on Binance begins to slow. Recent data points to reduced exchange inflows from large holders, suggesting a pause in aggressive distribution during an uncertain market phase.
Whale Activity on Binance Shows Cooling Trend
Crypto analyst Darkfost shared insights on X, noting a clear decline in whale selling pressure on Binance. His data shows that large holders, defined as wallets with over 100 BTC, have reduced their exchange inflows in recent weeks.
Earlier in February, whale activity surged as Bitcoin approached the $60,000 level. On February 4, inflows peaked at more than 11,800 BTC sent to Binance in a single day.
This sharp increase pushed the monthly daily average from about 1,000 BTC to nearly 4,000 BTC by late February.
This period aligned with a sharp price drop from around $90,000 to nearly $65,000. The timing suggests that whales were actively transferring assets to exchanges to sell. As a result, the market faced strong downward pressure, leading to a rapid correction.
However, recent data shows a notable shift. The 30-day moving average of whale inflows has declined to approximately 1,600 BTC per day. This drop indicates that large holders are slowing their selling activity and may be waiting for a clearer market direction.
The tweet emphasizes that this cooling phase does not confirm a bullish reversal. Instead, it signals a pause in distribution, which may help stabilize price movements in the short term.
Price Reaction and Key Market Levels
Bitcoin’s price has reacted closely to changes in whale inflows throughout this period. During January and early February, BTC traded between $90,000 and $95,000 while inflows remained low. This pattern reflected a holding phase, where limited exchange supply supported higher prices.
As inflows increased sharply in early February, the price dropped quickly. The market then entered a consolidation phase, with BTC stabilizing between $66,000 and $70,000. At the same time, the 30-day average of inflows continued rising, showing ongoing sell pressure.
In March, Bitcoin attempted a recovery toward $75,000. This move coincided with declining whale inflows, suggesting reduced selling activity. However, the recovery lacked strength. A new inflow spike of around 1,600 BTC appeared, and the price failed to hold above $75,000.
Currently, Bitcoin is trading within a defined range. Resistance is near $75,000, while support sits between $65,000 and $66,000. The $70,000 level acts as a key midpoint, where price reactions remain sensitive to changes in supply.
The data shows that even smaller inflow spikes can trigger price declines. This pattern indicates that the market remains fragile, with sellers still influencing short-term movements.
Lower highs in price action further reflect weak upward momentum. Bitcoin has moved from $95,000 highs to repeated rejections near $75,000. This structure suggests that buyers have not yet regained full control.
At the same time, declining inflows offer some relief. Reduced selling pressure may allow the market to stabilize if the trend continues. For now, large holders appear cautious, adopting a wait-and-see approach as uncertainty persists.
