The latest data shows a clear decline in Bitcoin inflows to Binance coming from whales over the month of December.
Specifically, monthly whale inflows dropped from around $7.88 billion to $3.86 billion, effectively being halved within just a few weeks. This sharp contraction points to a significant slowdown in BTC deposits to Binance by the largest holders, an important signal given their strong influence on market dynamics.
That said, this broader trend does not rule out the occurrence of occasional significant movements. Some inflows can still impact the market, even if they remain relatively isolated. Recently, a spike of $466 million was observed across the 100 BTC to 10,000 BTC cohorts, along with more than $435 million in inflows coming specifically from the 1,000 to 10,000 BTC range.
These sudden movements are a reminder that whales retain the ability to influence volatility at any time, even within a broader slowdown.
This is precisely why monitoring whale behavior remains critical. By moving thousands of BTC in single transactions, these participants can trigger sharp market moves, whether through sudden volatility spikes or deeper corrections, depending on the volumes deposited and potentially sold.
In the current environment, the observed trend remains constructive. Binance continues to capture the largest share of exchange-related flows. When inflows from influential participants such as whales decline on this platform, it generally suggests a reduction in their selling pressure. In other words, fewer BTC being deposited mechanically means less immediate selling, which is a relatively positive signal for short-term market balance.
Written by Darkfost
