TLDR:
- Binance’s average Bitcoin spot order size hit $1.96M in October, one of the highest levels in recent months.
- Total Bitcoin spot volume on Binance reached $2.82B, showing rising capital inflows from larger participants.
- Stable Bitcoin prices around $108K align with whale accumulation patterns, often preceding market expansions.
- Data from CryptoQuant points to professional traders increasing exposure, suggesting confidence in post-halving gains.
Bitcoin’s largest traders are back on the move. Data from CryptoQuant and Binance shows a steady build-up in large Bitcoin spot orders, suggesting that professional traders see current prices as attractive.
The rise in order size comes during a period of stable prices, sparking renewed speculation of institutional accumulation. With capital inflows growing and trading activity rising, the pattern points to renewed confidence in the post-halving cycle.
Investors now watch for signs that this quiet accumulation could drive the next leg upward.
Whale Trading Activity Reshapes Bitcoin Market
According to data shared by CryptoQuant.com, Binance saw average Bitcoin spot orders reach $1.96 million in October. This figure reflects one of the highest readings in months. The surge indicates growing participation from institutional investors and large holders known as whales.
During the same period, Binance recorded around $2.82 billion in total spot volume. Market analysts view this combination of high-value trades and stable prices as a signal that big players are accumulating rather than selling.
The Bitcoin price held near $108,000, maintaining a tight range even as order sizes climbed.
This pattern often appears before upward movements. Periods of calm price action paired with larger trades tend to hint at quiet positioning by informed participants. These traders typically enter before volatility returns to the market.
CryptoQuant’s data suggests this shift in trading behavior stems from renewed institutional appetite. While retail traders remain cautious, large entities appear to be building exposure at current price levels.
Binance’s Role in Bitcoin Price Momentum
Binance continues to act as a key hub for global liquidity. Its massive order flow provides an early read on market sentiment. Analysts say that when whale order sizes increase while prices hold steady, it often reflects strategic accumulation.
Market participants often interpret such activity as a sign of growing confidence.
Rising order values show that professional traders are committing capital even without immediate price movement. That confidence may point to expectations of upward momentum in the months following Bitcoin’s halving event.
CryptoQuant noted that this steady rise in both order size and traded value could be part of a broader repositioning phase. As large players accumulate, exchange reserves have also been declining, hinting that more coins are being moved off trading platforms into long-term storage.
For now, the data paints a clear picture: big money is moving quietly, and Binance sits at the center of that flow.
The post Binance Bitcoin Orders Hit $1.96M as Whales Step Back In appeared first on Blockonomi.
Source: https://blockonomi.com/binance-bitcoin-orders-hit-1-96m-as-whales-step-back-in/