Whale Accumulation and Binance Spike Signal Correction
Bitcoin whales have added 248,000 BTC ($30 billion) this month, exceeding the 2025 average of 164,000 BTC. Long-term accumulator wallets remain intact, signaling strong conviction near all-time highs. Meanwhile, CryptoQuant data shows 1,800 BTC was moved by long-held wallets to Binance after the July 14 high above $123,000, driving the Binance Whale Activity Score higher. With Binance accounting for over 25% of global spot volume, rising deposits may increase sell-side pressure and trigger sharp price swings. Bitcoin traded near $117,500, down 4% in 24 hours but up 9% weekly. Key resistance lies at $121,000, $131,000 and $144,000, with a potential peak near $200,000 later this year if bullish momentum returns. Crypto funds saw $3.7 billion inflows last week, pushing assets under management to $211 billion, while year-to-date inflows reached $22.7 billion. Greed indicators remain neutral and the rHODL ratio sits at 32%, suggesting retail euphoria is still muted. Traders should monitor whale accumulation, Binance deposits and sentiment metrics for signs of an impending correction.
Bearish
Despite ongoing whale accumulation and record crypto fund inflows supporting the long-term bullish thesis, the recent surge in Bitcoin deposits to Binance indicates mounting sell-side pressure. With Binance handling over 25% of global spot volume, large transfers by long-held wallets are likely to trigger short-term downward swings. Neutral greed indicators and a low rHODL ratio further point to muted retail interest, reinforcing the prospect of a near-term correction before any sustained rally.