Feb 17, 2026
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BEARISH 📉 : Bitcoin whales increase Binance inflows amid market correction
Bitcoin Whale Activity on Binance
- Significant increase in whale-dominated inflows to Binance, driven by Bitcoin's ongoing correction.
- CryptoQuant data shows the "whale inflow ratio" spiked from 0.4 to 0.62 between Feb. 2 and Feb. 15.
- This suggests a larger share of BTC inflows is from significant transactions, potentially increasing sell-side pressure.
- A well-known whale, possibly Garrett Jin, has moved close to 10,000 BTC onto Binance recently.
- Multiple whales are using Binance for its liquidity, as market uncertainty prompts reassessment of exposure.
Derivatives Market Contraction
- Bitcoin derivatives market contraction continues post-cycle peak, with significant open interest reductions.
- Open interest at Binance fell 20.8% from Oct. 6–Oct. 11; Bybit and Gate.io also saw declines of 37% each.
- Further contractions: Binance down 39.3%, Bybit 33%, BitMEX 24%.
- The market remains in a risk-reduction phase, influenced by volatility and liquidations.
- Current conditions challenge Bitcoin's short-term stability and potential bullish trends.
Bitcoin is currently trading at $67,823.
