Bitcoin Tops $118K; Retail Sells, Whale Adds 300 BTC on Binance
Bitcoin recently surged above $118,000, driving retail investors on Binance to sell into strength. CryptoQuant data shows 30-day retail inflows jumped from $12B to $16B, while net taker volume turned negative. Large holders withdrew over $200M in BTC from exchanges, indicating accumulation. Onchain Lens reports a Bitcoin whale deposited 300 BTC (~$35.6M) to Binance, boosting its exchange balance to 800 BTC and realizing $93.3M in profit. This Bitcoin whale move adds to a broader pattern of Bitcoin whale accumulation and often foreshadows selling pressure. Traders should monitor retail outflows, whale deposits, and exchange flows to gauge market sentiment and potential pullbacks.
Neutral
Although a Bitcoin whale deposit on Binance often signals imminent selling pressure, the broader onchain data shows large holders continuing to accumulate BTC off-exchange and long-term optimistic forecasts. Retail outflows and negative net taker volume may trigger short-term pullbacks, but sustained whale accumulation supports a bullish medium-term trend. The mixed signals—from retail profit-taking and specific whale deposits—balance out, making the immediate price impact uncertain and leading to a neutral market outlook.