Bitcoin whales did not panic despite price drop

The behavior of Bitcoin whales (BTC) gains attention among analysts, amid the global uncertainty of markets.

Whales are investors who have more than 1,000 BTC, a sum that today is equivalent to more than 85 million dollars (USD), according to Bitcoin’s current price. That is why the sales or purchase movements of these corpulent market actors impact prices more than user with less holdings.

According to a report shared by the on-chain research company Cryptoquant, carried out by the analyst known as Darkfost, There are 2 key indicators of these actors to observe. The first is the tickets of the whales in the Exchange Binance with respect to the total of Bitcoin that enters the platform.

This indicator compares the 10 main Bitcoin entrances in exchanges with the total entries to Binance, allowing to measure how much the whales represent with respect to the total flow it enters.

As the following graph exhibits, this measured measure according to the simple mobile average of 365 days is constantly increasing. However, in its 30 -day measurement it has decreased to levels not seen since September 2024, which It is a good omen for the price of Bitcoin.

“This could mean that the sale pressure of Binance whales is decreasing or stabilizing,” says the analyst. The explanation is that Bitcoin’s tickets on the platform usually indicate that they will sell their holdings. In this sense, Its decrease contributes to the price not decay.

“Since whales are very active in Binance, analyzing their behavior there is a good way to provide an additional context to the general feeling in the cryptocurrency market,” explains Darkfost.

Whales now prefer to keep bitcoin instead of selling, according to on-chain data

The second indicator that the analyst is relevant is the flow of whales to Binance. This calculates the value of your tickets on the platform in a period of 30 days.

This metric has fallen into more than USD 3,000 million, a magnitude similar to that occurred during the previous correction in 2024. This can be found in the graph below.

According to the specialist, this suggests that “whales currently prefer to maintain in place of selling massively and capitulating.” In other words, it indicates that These actors seem not to panic with the price drop.

Meanwhile, Bitcoin is quoting around USD 85,000, 22% less than its maximum historical price of USD 109,000 reached three months ago. The recoil is being in correlation with stock markets, while gold has reached new records this week, as cryptootics reported.

Price movements have been influenced by the economic uncertainty generated by import tariffs on US President Donald Trump. While the president seeks to boost the national industry with these measures and negotiate better international commercial conditions, they generate fears of inflation and recession.

Binance leads Bitcoin’s trading volume

The lower Bitcoin tickets by whales in Binance with respect to the total platform tickets occur while the Exchange gains dominance in the market.

According to Cryptoquant data, Binance participation in the total daily volume of Bitcoin spot increased from 33% to 49% In the last two months of the first quarter. And, in the case of the Altcoins, as cryptocurrencies and tokens are called without counting BTC, its domain rose from 38% to 44%.

Meanwhile, the total volume of Bitcoin spot trade in the exchanges decreased from USD 44,000 million to USD 10,000 million. In the case of the Altcoins, the volume fell from USD 122,000 million to USD 23,000 million in the same period.

This reflects that, in the middle of the general market contraction, Binance is consolidated as the main trade center. “Binance clearly becomes the place for the greatest trade liquidity in high volatility times,” said Julio Moreno, the Chief of Research of Cryptoquant.

With this increasing domain of the Exchange, the indicators on the behavior of the whales gain strength On the platform, actors showing bullish signals against market contraction.