Bitcoin’s price has once again turned bearish after briefly recovering to $94,000 on Monday. After a long period of declining, Bitcoin showed some signs of life earlier this week, but it was a short-lived recovery.
Bitcoin has dropped below $90,000. This represents a 1.8% drop in the last 24 hours. CryptoQuant’s Crazzyblockk says that one of the key factors contributing to this decline is increased demand. selling pressure Bitcoins are held by large Bitcoin users.
Whales and large Holders drive Binance to sell
In his most recent insight, Crazzyblockk highlights the fact that whales on Binance and large investors are active in selling BTC at higher prices. This suggests that traders who are experienced take advantage of the market’s optimism and exit their positions.
Whale to Binance flow reaches $7.3B high in last 30 days
“This often happens alongside heavy changes in price and shows that large holders choose Binance as their exchange. Watching whale deposits is important, as their moves can drive the market.” – By @JA_Maartun pic.twitter.com/psD3zuDXf3
— CryptoQuant.com (@cryptoquant_com) March 6, 2025
This trend is also occurring at a period when the whale-to-Binance exchange flow has been increasing. Crazzyblockk’s analysis of on-chain data from Binance particularly indicates that large Bitcoin holders—categorized as fish, sharks, and whales—are selling into market rallies.
This data shows that as the size of the Bitcoin holder increases, so does the distribution strategy. They are responsible for a growing share of the daily Binance sell-side activities, indicating that they’re actively buying and selling. shaping Bitcoin’s price movements.
As Bitcoin’s price trends upward, whale activity on Binance has intensified, with more BTC flowing into the exchange. The report highlights that while retail investors—often referred to as shrimps—have remained relatively inactive, whales and sharks are capitalizing on rising prices Profits are taken.
It is this constant downward pressure from the high-value holders that has prevented Bitcoin’s parabolic rise.
Bitcoin Market Outlook Can Accumulation offset Whale Selling
The risk is that any additional upside will trigger more selling, and reinforce resistance levels.
Bitcoins’ price could stay constrained until it changes. new accumulation from long-term investors Or institutional buyers can offset the trend of selling.
Crazzyblockk stresses that Binance whale activity tracking is essential for understanding the market’s direction. As these holders do not only participate in the market but are also key price drivers, they can offer insight into trends.
Bitcoin may find some support if whale sales slow down and new accumulation increases. regain momentum. If the trend persists, however, there is still a chance of further downward pressure.
Chart created by TradingView, DALL-E.
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Source: www.newsbtc.com
