On-Chain Data Shows Bitcoin Whales Reducing Sell Pressure Near $84.5K
- Binance whale inflows have dropped by more than $3B, suggesting reduced selling pressure.
- A potential recovery can take months, according to analyst Kripto Mevsimi.
- Immediate support levels for BTC stand at $83,195 (0.618 Fib) and $85,704 (0.786 Fib).
Bitcoin is finding stability around the $84,500 mark after a lengthy corrective phase. With whale behavior stabilizing, a major institutional long bet hitting the market, and key technical indicators shifting to bullish, sentiment is slowly turning positive for investors.
Notably, as per analyst Darkfost, the recent on-chain data from Binance reveals that large holders or whales are not exhibiting panic-driven behavior.
Today I also look at the behavior of Binance whales during this period of macroeconomic uncertainty.
— Darkfost (@Darkfost_Coc) April 13, 2025
To do so, I chose to focus on two main indicators.The Exchange Whale Ratio on Binance :
— Since whales are very active on Binance, analyzing their behavior is a good way… pic.twitter.com/XP5syjlYce
On-Chain View: Whale Behavior Signals Less Selling Pressure
Darkfost noted that the 365-day moving average of the Exchange Whale Ratio is on a consis…
The post On-Chain Data Shows Bitcoin Whales Reducing Sell Pressure Near $84.5K appeared first on Coin Edition.
Read More
On-Chain Data Shows Bitcoin Whales Reducing Sell Pressure Near $84.5K
- Binance whale inflows have dropped by more than $3B, suggesting reduced selling pressure.
- A potential recovery can take months, according to analyst Kripto Mevsimi.
- Immediate support levels for BTC stand at $83,195 (0.618 Fib) and $85,704 (0.786 Fib).
Bitcoin is finding stability around the $84,500 mark after a lengthy corrective phase. With whale behavior stabilizing, a major institutional long bet hitting the market, and key technical indicators shifting to bullish, sentiment is slowly turning positive for investors.
Notably, as per analyst Darkfost, the recent on-chain data from Binance reveals that large holders or whales are not exhibiting panic-driven behavior.
Today I also look at the behavior of Binance whales during this period of macroeconomic uncertainty.
— Darkfost (@Darkfost_Coc) April 13, 2025
To do so, I chose to focus on two main indicators.
— Since whales are very active on Binance, analyzing their behavior is a good way… pic.twitter.com/XP5syjlYce
On-Chain View: Whale Behavior Signals Less Selling Pressure
Darkfost noted that the 365-day moving average of the Exchange Whale Ratio is on a consis…
The post On-Chain Data Shows Bitcoin Whales Reducing Sell Pressure Near $84.5K appeared first on Coin Edition.
Read More