Whale Activity on Binance Signals Reduced Bitcoin Sell Pressure

TLDR:

• Whale inflows to Binance dropped from $7.88B to $3.86B in December, reducing market pressure.
• Fewer BTC deposits from whales indicate less immediate selling on Binance exchanges.
• Isolated large inflows of $466M still show whales can trigger short-term volatility.
• Binance remains the primary hub for whale activity, influencing Bitcoin’s short-term market balance.

Whale activity on Binance during December indicates a slowdown in Bitcoin deposits from major holders. 

Data shows monthly inflows from whales fell from around $7.88 billion to $3.86 billion, effectively halving over the month. This trend points to reduced immediate selling pressure from large Bitcoin holders. 

Although occasional large transfers still occur, the overall decrease suggests a more balanced environment for short-term market activity.

Slowdown in Whale Deposits

Recent analysis reveals that the largest Bitcoin holders have reduced their activity on Binance. Darkfost reported that whale inflows declined sharply in December. 

The reduction from $7.88 billion to $3.86 billion indicates fewer BTC deposits from influential participants.The decrease in deposits is relevant because whales have historically influenced market trends. 

Fewer inflows to the exchange mean that less Bitcoin is immediately available for sale. This naturally reduces short-term selling pressure.

Despite the broader slowdown, isolated large inflows were observed. A notable movement of $466 million occurred across accounts holding 100 BTC to 10,000 BTC. 

These isolated events show whales still have the ability to influence market volatility at any time.

Influence on Market Balance

Additional data shows over $435 million in inflows came from wallets holding between 1,000 and 10,000 BTC. These transfers demonstrate that while overall deposit activity is declining, whales can still move large amounts in a single transaction. Such movements can create temporary price fluctuations.

The decline in whale activity points to a more stable short-term market. With fewer large deposits to Binance, immediate selling pressure is reduced, helping maintain exchange balance. This trend is constructive for observing Bitcoin’s market behavior.

Binance continues to handle the majority of exchange-related Bitcoin flows. Monitoring whale behavior on this platform provides insight into potential market adjustments. 

Even with reduced activity, sudden large deposits can still trigger temporary volatility.