BTC Exchange Inflows Surge to 7,000 as Whales Fuel Sell-Off
Bitcoin exchange inflows have jumped sharply to around 7,000 BTC per day. The surge is driven by large whale deposits and liquidation from short-term holders. On August 1, short-term holders sold over 40,000 BTC at a loss, the highest daily volume since mid-July. Net exchange inflows reached 16,417 BTC as CryptoQuant’s Exchange Whale Ratio climbed above 0.70, signaling intensified selling pressure.
Meanwhile, major US spot Bitcoin ETFs recorded $812 million in outflows—one of the largest drawdowns to date. Large order-book activity also points to a significant trader seeking liquidity to exit sizeable positions ahead of the week. Bitcoin’s price dipped below $112,000 but later attempted to reclaim the $114,000 mark.
Traders should track Bitcoin exchange inflows and whale behavior closely. Continued selling pressure from whales and short-term holders may trigger a deeper price correction. However, reclaiming key resistance levels could renew bullish momentum. Market volatility for BTC is set to increase in the near term.
Bearish
The surge in Bitcoin exchange inflows to 7,000 BTC daily, combined with a high Exchange Whale Ratio above 0.70, indicates accelerated selling pressure from large holders. Additionally, short-term holders’ loss-making liquidation of over 40,000 BTC and $812 million in spot ETF outflows reinforce downward momentum. These factors point to increased BTC price volatility and elevate the risk of a deeper correction in the near term. While a rebound above key resistance levels could restore bullish sentiment, the prevailing deposit trend suggests sustained bearish pressure on Bitcoin.