Bitcoin Shows Signs of Recovery—Is the Whale Sell-Off Finally Over?
Bitcoin has been on a downward trajectory when weekly and monthly schedules are observed, down 8.4% in the past week and 16.2% in the past month. However, in a shorter time frame, there are signs of potential reversals.
Bitcoin has recovered slightly over the past 24 hours, with its price rising to $81,647. This shift led analysts to carefully examine whale activity and exchange trends to determine if the correction phase is likely to be close to the end point.
Binance’s whale activity and its impact on Bitcoin trends
A crypto analyst Darkfost has Sure Key trends in Binance whale activity may affect Bitcoin price movements. As the largest cryptocurrency exchange measured by quantity, binance plays an important role in market liquidity, making its whale activity an important indicator for monitoring.
Darkfost’s analysis of the ratio of Bitcoin-swap whales suggests that whales are reducing their sales pressure, which may mark Market sentiment shift.
The exchange whales ratio measures the ratio of the first 10 inflows to the total inflows. When this ratio increases, it indicates Increase whale sales activitiesusually assists in the short-term price correction or market integration phase.
Instead, a drop in whale ratio indicates less sales pressure, which may help stabilize Bitcoin’s price and even help rebound. According to DarkFost, the decline in the ratio of Rong Whale could indicate that sales pressures for large Bitcoin holders are easing.
Historically, Reduce whale sales activities The indicator becomes a key indicator for traders before bullish market movements. If this trend persists, Bitcoin can see Reduced downward momentumit is possible to lay the foundation for price stability or recovery.
Binance’s dominance in spot and futures trading
In separate analysis, crypto analyst Crazzyblockk has Highlight Binance continues to dominate the field and futures markets. Binance strengthens its performance by having the largest market share in crypto trading Key players in price discovery and liquidity.
Currently, used cars account for 45.5% of the USDT futures market, much ahead of other trading platforms. Crazzyblockk wrote:
This emphasizes that binance is the preferred choice for derivatives trading, providing optimal liquidity and execution.
In the spot market, second-hand shares retained a 35% share of the total trading volume, further consolidating their role as industry-leading communications.
Feature images created with DALL-E, charts for TradingView
