 
 
Bitcoin whales have increased their transfers to centralized exchanges this month, amid volatile trading. Retail holders also moved along similar lines as predicted at the start of the short-term crunch. Meanwhile, analysts have questioned this round of inflows as traders are keen on new strategies.
Binance Records 185,000 Bitcoin Inflows
This month, Binance, the largest centralized exchange by trading volume, has recorded over 185,000 BTC in trading volume, up from previous months. According to CryptoQuant data, it’s the highest since July, before Bitcoin hit another all-time high. Generally, this pattern suggests massive incoming sales, as flows to centralized exchanges signal a bearish market outlook.
As selling pressure increases, traders look to change patterns to end the year. CryptoQuant experts suggest that the move may not be an imminent sale but could lead to one. This means that traders are bidding for a perfect sell opportunity as the market recovers after the last dip.
“However, it may also reflect traders waiting for a specific selling opportunity, such as a sudden price spike, particularly since Bitcoin has not fallen below $100,000 despite the sharp fluctuations that occurred. This suggests that the movement may be a technical adjustment within the market cycle, reflecting investors’ reactions to current price levels rather than a wave of mass selling.”
At the time of writing, Bitcoin trades at $115,390, up 2.2% over the last 24 hours. The recovery, despite recent centralized exchange leaning shows the massive sale hasn’t occurred as traders face the dilemma to back the asset in the coming months. Similarly, altcoins have also looked stable due to huge traditional inflows to Ethereum and Solana.
 
It should be noted that out of the 185,000 Bitcoin inflows to Binance, over 45,000 are controlled by whales. These large holders shape market sentiment, causing retail to move likewise. “Such a volume of whale activity suggests that large holders are in a market observation and repositioning phase rather than a disposal or liquidation phase. Historically, movements of this kind often precede increased activity in futures markets or a strategic adjustment of positions ahead of a potential new trend wave,” CryptoQuant analysts added.
Furthermore, on-chain data shows that Bitcoin flipped the fear zone as sentiments moved into neutral territory. Over the weekend, traders notched slight gains due to expected macro tailwinds.
Source: https://zycrypto.com/bitcoin-whales-offload-over-45000-btc-to-binance-whats-going-on/