Binance Bitcoin Whale Inflows Spike; Potential Selloff Near $93k–$96k
Bitcoin large-holder activity on exchanges, particularly Binance, has surged as exchange whale ratio and inflows climb, raising selloff concerns ahead of key resistance at $93,000–$96,000. COINOTAG (citing Cointelegraph) reports the exchange whale ratio reached 0.47 and Binance’s 14-day EMA of whale transfers rose to 0.427 — the highest since April. On-chain data through Nov. 28 show the 30-day moving average of BTC inflows to Binance near 8,915 coins, close to this year’s peak of 9,031 coins. Historically, similar inflow spikes have often preceded price pullbacks as large holders move liquidity onto exchanges to hedge or take profits. Traders should monitor Binance inventory levels and short-term liquidity dynamics; rising exchange supply could cap upside and increase probability of consolidation or a retest of critical supports before any sustainable breakout above the $93k–$96k zone.
Bearish
Rising whale inflows to exchanges — and specifically a spike in Binance’s whale transfer metrics and 30-day inflow averages — historically correlate with increased selling pressure as large holders move coins onto exchanges to hedge or realize profits. The reported 14-day EMA of whale transfers at 0.427 (highest since April) and near-yearly-peak daily inflows (~8,915 vs. 9,031 peak) suggest elevated supply sitting on Binance. Until that excess inventory is absorbed, the exchange’s growing holdings act as a headwind to upward momentum, making it more likely prices consolidate or retrace rather than sustain a breakout above the $93k–$96k resistance. Short-term traders should expect higher volatility and greater downside risk; liquidations and profit-taking can amplify moves. Longer term, if demand re-emerges and exchange balances decline (net outflows), bullish conditions could resume — but current data points to a near-term bearish bias.