Bitcoin has been stuck in a tight trading band since setting its record high of over $122,000 in mid-July, with recent sessions capped near $116,950 and supported around $111,850.
This indecision is starting to hint at a shift in market momentum.
On-chain data reviewed by CryptoQuant contributor Arab Chain suggests the rally may be entering its final stretch.
The clearest signal comes from a steady wave of large BTC transfers to Binance – between $4 billion and $5 billion worth of coins moved by whales since late July. Historically, such inflows point to distribution phases, where major holders position to sell.
Adding to the caution, retail investor participation has been climbing despite subdued price action.
While small traders can push prices higher in the short term, the analyst warns that heavy retail accumulation in late-stage rallies often leaves newcomers exposed if a deeper pullback hits.
With whales unloading and retail traders buying aggressively, the setup resembles past topping patterns. Unless buying momentum returns in force, Bitcoin could be heading for a sharper correction in the weeks ahead.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/whales-are-selling-is-bitcoins-bull-run-about-to-end/