On-Chain Data Shows Bitcoin Whales Reducing Sell Pressure Near $84.5K
1 min read
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. 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 — Darkfost (@Darkfost_Coc) April 13, 2025 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 .
Source: Coin Edition
