Bitcoin is facing renewed selling pressure as the broader crypto market struggles with volatility and uncertainty. Price action has narrowed into a critical zone around $110,000, a level that could dictate the trajectory for the coming weeks. Holding above this support would keep bullish hopes alive, opening the door for a potential retest of all-time highs. But if BTC loses this foothold, analysts warn that a sharper drop toward $100,000 could follow, a move that would shake market confidence.
Fresh onchain data adds another dimension to this picture. CryptoQuant analyst Maartunn shared insights revealing that Binance Exchange Inflow (Mean, MA7) has shifted significantly, showing a marked increase in the average size of deposits hitting Binance. While historically Binance has been known as a retail-heavy exchange, the 7-day mean inflow now stands at 13.5 BTC per transaction — a level that signals whale-sized activity rather than small retail deposits.
This structural shift highlights how large players are becoming more active on Binance, seeking its deep liquidity to manage significant trades efficiently. For Bitcoin, it adds weight to the current moment: a pivotal price test against the backdrop of growing whale presence, making the next moves all the more decisive.
Whale Activity Surges As Exchange Inflows Shift
According to CryptoQuant analyst Maartunn, the onchain metric known as Binance Exchange Inflow (Mean, MA7) offers a valuable lens into the type of participants dominating exchange activity. This metric tracks the average size of deposits hitting Binance. When the mean inflow is low, it typically indicates a large share of deposits coming from retail investors, who generally move smaller amounts of Bitcoin.
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Author: Sebastian Villafuerte
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