Analysis: After a recent pullback, the activity of whales on Binance has increased, with an average daily inflow of 3,200 BTC over the past month

Analyst Darkfost stated that since Bitcoin reached its peak of $82,700 in May, it has now entered a correction phase, with a recent maximum cumulative decline of over 28%. After breaking below the psychological threshold of $60,000 a few days ago, this threshold has reignited concerns among market participants, including whales.

As the pullback deepens, the activity of whales on the Binance platform has significantly increased—daily inflows to the platform have repeatedly exceeded 6,000 BTC, with a peak of over 8,000 BTC recorded in early June. Over the past month, whales have averaged a daily transfer of 3,200 BTC to Binance, compared to only 1,200 BTC at the end of April, an increase of over 160% in just a few weeks.

Darkfost believes that this trend indicates that a large number of holders have increased their selling pressure during the recent decline, or at least their willingness to sell has significantly strengthened. Although whales are generally seen as more rational BTC investors, they are not completely immune to market pressures. In an environment where macro and geopolitical uncertainties remain high, some whales may choose to reduce their exposure and close positions to preserve capital and mitigate potential downside risks in the event of further market deterioration.