Bitcoin $BTC continues to fluctuate around the range of 89,000 – 94,000 USD, on-chain data from Binance and recent price action are showing clearer signals of a strong selling pressure phase.
Whale Ratio increases significantly: Whales are transferring BTC to exchanges for distribution
The Exchange Whale Ratio on Binance has risen back to 0.427 (14-day EMA) – the highest since April. This indicates that the trading ratio of large wallets to total inflow into the exchange is increasing significantly.
Whale Ratio is rising sharply.
Historically, whenever this ratio rises sharply, the market often soon witnesses:
Active selling pressure from large wallets.
Profit-taking pressure at high price ranges.
Reducing momentum for the next upward movements.
Currently, with BTC continuously being rejected at the 93,000 – 94,000 USD range, whale behavior indicates that a large supply may be gradually pushed onto the exchange for distribution.
BTC inflow into Binance hits yearly peak.
On-chain data also recorded BTC inflow to Binance (30-day SMA) reaching 8,915 BTC, close to the peak of 2025 (9,031 BTC).
Similar spikes in inflow in the past have all occurred before:
Extended corrective phases.
Liquidity reduction phase.
Broad selling pressure as market sentiment becomes cautious.
This is even more noteworthy as the daily price chart (1D) shows BTC creating a series of lower highs since the high of 126,199 USD in October, indicating that momentum is clearly weakening.
BTC inflow into Binance hits yearly peak.
USDT inflow into Binance reaches its highest level of the year.
In 7 days, Binance recorded over 946,000 USDT deposit transactions, far exceeding OKX and Bybit. A strong inflow of stablecoins usually carries two meanings:
Traders are preparing to buy the dip, if expecting the market to form a bottom.
Traders are preparing for quick trades, taking advantage of volatility, not for long-term accumulation.
At this moment, with BTC under pressure from both inflow and whale activity, the latter is dominating: the market is preparing to enter a phase of strong volatility, where short-term positions will account for the majority of trading volume.
USDT inflow to Binance reached its highest level of the year.
Technical analysis: The downtrend is still prevailing.
Based on the 1D Bitcoin chart, we see:
BTC has consecutively created lower highs: 124,474 → 126,199 → 117,900 → 116,400 → 94,150 USD.
Important lows are also gradually decreasing: 111,920 → 107,255 → 108,620 → 102,000 → 80,600 USD.
The downtrend is still being maintained since the end of October.
High volume during the down sessions shows that selling pressure is dominant.
This aligns with on-chain data: selling pressure is not only coming from the spot market but also from large holders.
Bitcoin chart 1D
The main risk if the market loses the 85,000 USD mark.
The 85,000 USD mark is currently acting as an important psychological support. If this area is breached:
The amount of USDT flowing into the exchange could trigger a rapid sell-off.
BTC may return to test 81,000 – 83,000 USD.
Some deeper support areas such as 75,000 – 78,000 USD could become targets if selling pressure increases.
Conversely, if BTC holds above 85,000 USD and absorbs the supply on the exchange, the market may experience a technical rebound to retest the area of 90,000 – 93,000 USD.
Conclusion
On-chain data from Binance is collectively signaling warnings: whales are intensifying BTC deposits onto the exchange, inflow is hitting yearly peaks, and strong stablecoin inflows indicate that the market is preparing for significant volatility. Meanwhile, price action continues to maintain a downward structure with lower highs and lows. If Bitcoin does not hold the 85,000 USD mark, selling pressure could push prices down to deeper support areas before the market finds equilibrium.
