Aug 5, 2025
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Over 56 Million Whale Trades Recorded on Binance
Bitcoin experienced a pullback, dipping to $112,296 on Saturday before stabilizing at $114,420. The asset has declined nearly 4% over the past week, marking a notable correction. Analysts indicate that while short-term volatility exists, whale activity and long-term holder behavior impact Bitcoin's broader outlook.
Key Points
- Binance is the leading exchange for whale transactions, processing over 30 million BTC in inflows and outflows.
- More than 56 million whale transactions occurred on Binance, compared to 16 million on HTX.
- Long-term holders maintain significant unrealized profits with the Net Unrealized Profit/Loss (NUPL) ratio above 0.5, indicating they are not selling.
- Short-term holders are taking profits, causing temporary selling pressure during rallies.
Monitoring Binance’s order book may provide insights into institutional sentiment and market movements.
