Bitcoin (BTC) is still defending the $112,000 price level after days with tepid prices. The cryptocurrency has been unable give any clear direction about its potential next move. Binance’s latest exchange data shows that whale activity has been on the decline recently, which suggests BTC may have avoided another major sell-off.
Bitcoin Protects $112,000 from Whale Sales
Arab Chain posted a CryptoQuant Quicktake on recent Binance exchange data that shows a surge in whale trading on 7 September, when the BTC Exchange Whale Ratio reached 0.55.
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The BTC Exchange Whale Ratio dropped to 0.28 in just a few days after this spike. But the BTC price did not fall below $112,500. It stayed stable, at about that level, indicating whale movements are short-lived.
CryptoQuant’s analyst noted that the decline in whale pressure towards the end of this period was a short-term positive signal. The likelihood of Binance experiencing a price drop due to whale selling is significantly lower. Arab Chain has added:
The frequent whale fluctuations in late August and early September highlight that major players are still moving large volumes – meaning risks remain, and the market could be caught off guard by a sudden move if substantial exchange inflows are converted into market orders.
The analyst warned that this relationship was not always perfect. The rise of the BTC metric is often associated with the fall of the BTC price, but not all spikes have led to this clear decrease.
As seen in the above chart, there have been instances of whale activity surging beyond 0.5 for multiple days – accompanied by positive net inflows to exchanges. Arab Chain said that these dynamics could cause a decline to $112,000 and even $108,000.
Data from September in the past shows that Binance is quiet at the start of the month, with the exception of a few quick jumps. Although this is a safer environment A gradual increase also provides whales with a way to exert market pressure, especially when the demand overall is low.
Has BTC yet to reach its peak?
Some crypto experts believe that BTC, which is trading at around 10% of its all-time low (ATH) price of $124,128, is still a good investment. yet This market cycle is at its peak.
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Sminston, a Bitcoin analyst, has recently conducted an analysis. predicted that BTC may top out anywhere between $200,000 – $290,000 sometime in 2026. BTC was trading at $112-639 as of press time. It is down by 0.1% over the past 24 hour.
Charts from TradingView.com and CryptoQuant.com.
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Source: www.newsbtc.com
