The short-term trajectory of Bitcoin (BTC) may heavily rely on developments unfolding within Binance’s order flow and on-chain activity. Three key metrics associated with Binance have indicated increasing sell-side pressure, altered liquidity behavior, and a market poised for volatility—factors that could influence whether BTC maintains support or enters a more significant correction.
Key takeaways:
Deposits from Bitcoin whales into exchanges are on the rise, indicating a heightened risk of profit-taking.
BTC inflows to Binance have recently reached peaks last seen in 2025, which have typically signaled longer pullbacks.
USDt deposits on Binance have hit yearly highs, suggesting traders are adjusting their positions ahead of possible volatility.
BTC Whale ratio rebound signals distribution pressure
A significant increase in the Exchange Whale Ratio, currently at 0.47 across all exchanges, shows that large holders are increasingly transferring Bitcoin to trading platforms. This trend appears even more alarming on Binance, where the ratio’s 14-day exponential moving average (EMA) has climbed to 0.427, the highest since April.
Whale deposits often precede distribution phases, as large entities tend to utilize Binance’s liquidity for unloading substantial amounts. With BTC struggling to rise above $93,000, this shift indicates increasing resistance overhead. Should the trend continue, the price is likely to consolidate or retest support prior to attempting another breakout.
Heightened BTC inflows to Binance raise concerns
Onchain data revealed that the 30-day simple moving average (SMA) of BTC inflows to Binance reached 8,915 on Nov. 28, closely mirroring its peak value of 9,031 on March 3. Historically, similar spikes in inflow—like the one in March—have preceded sharp downturns.
This uptick suggests that holders are actively seeking to de-risk or exit their Bitcoin positions following its rally. As the market aims to secure a position above the $96,000 resistance, Binance’s increasing inventory serves as an immediate obstacle. Until this excess supply is absorbed, upward trends may be challenged.
Related: Bitcoin unlikely to replicate January’s surge to new high: 21Shares founder
Rising USDT deposits: Are traders prepping for volatility?
Binance also reported 946,000 USDt (USDT) deposit transactions within just seven days, significantly outpacing OKX (841,000) and Bybit (225,000). An increase in stablecoin inflows typically indicates that traders are preparing to take action—either aggressively buying dips or repositioning during rapid market movements.
Considering the current context of whale selling and high BTC inflows, this surge is more likely a sign of traders setting up for reactive trading rather than passive accumulation. In times of uncertainty, stablecoin inflows often result in increased volatility and short-term range adjustments.
If BTC drops below $90,000, this liquidity could exacerbate the downward movement. Conversely, if support holds, it may lead to a sharp counter-trend rebound.
Related: Ether outpaces Bitcoin’s trend change: Is ETH on track for a 20% rally?
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
