
Retail Dumps Bitcoin (BTC) on Binance as Whales Quietly Load Up
As the price of Bitcoin continues its upward trend, retail investors appear to be cashing in their gains by offloading large amounts of the cryptocurrency on Binance. Meanwhile, larger whales are taking advantage of this selling pressure by quietly accumulating more BTC.
Retail traders’ increased selling activity is evident from a surge in 30-day retail inflow data shared by CryptoQuant. This figure has jumped from $12 billion to over $16 billion within a short period, suggesting that many retail investors are liquidating their positions and exiting the market.
This pattern of sell-off behavior during uptrends has been observed in previous cycles, where retail investors tend to panic-sell when prices rise rapidly. The lack of conviction among these investors is likely driven by fear or short-term profit-taking, rather than a long-term commitment to holding onto their assets.
The data further reinforces this narrative, as Binance’s Net Taker Volume has turned negative. This metric indicates that sellers are currently dominating the market, either by liquidating long positions or entering new short positions in anticipation of a potential pullback.
In stark contrast, large whales appear to be taking advantage of these retail sell-offs to accumulate even more Bitcoin. According to Whales Screener data, these institutional investors have withdrawn substantial sums from centralized exchanges over the past 24 hours alone. These massive withdrawals typically signify a strong belief that the market uptrend will continue, as whales seek to build their positions.
This dichotomy in behavior between retail and whales is eerily reminiscent of previous cycles where smaller traders sold into strength while larger investors accumulated ahead of major price shifts.
Source: cryptopotato.com