BlockBeats News, December 6th, according to Cointelegraph’s report, the exchange whale ratio has recently surged, with the overall ratio across all exchanges now reaching 0.47, indicating that large holders are increasingly moving Bitcoin to exchanges. This trend is particularly notable on Binance, where the 14-day exponential moving average has risen to 0.427, marking the highest level since April.
Whale deposits often signal a sell-off phase as large institutions tend to take advantage of Binance’s liquidity to offload en masse. With Bitcoin struggling to effectively break above the $93,000 resistance, this shift suggests that selling pressure is intensifying. If this trend continues, the price is more likely to consolidate before attempting another breakout or retesting support levels.
On-chain data shows that as of November 28th, the 30-day simple moving average of BTC flowing into Binance reached 8,915 coins, close to the yearly peak of 9,031 coins set on March 3rd. Looking at historical data, similar peaks in inflows (such as in March) have often been followed by significant market pullbacks.
This surge in inflows indicates that holders are actively preparing for hedging or profit-taking after Bitcoin’s recent rally. As the market attempts to hold above the $96,000 resistance level, Binance’s growing inventory poses a direct headwind. The upward trend may be constrained until the excess supply is absorbed by the market.
