Recent data indicates a significant decline in Bitcoin whale inflows to Binance, falling below $3 billion for the first time since early 2023. This decrease signals reduced sell pressure and suggests that large holders may be confident in further price growth. The recent rise coincides with a bullish flag breakout, suggesting the possibility of a significant surge towards the target of $144,000. However, spot inflows remain subdued with outflows dominating, indicating a lack of large accumulations on exchanges. Despite Bitcoin’s current price hovering around $110,000 and its recent high, whales are reluctant to sell. This suggests confidence in further upside potential, even as Bitcoin trades below its all-time high. The derivatives market also shows an imbalance favoring bulls, with short sellers being at greater risk of liquidation if the price rises significantly. Binance whale activity has been particularly quiet, contrasting with past patterns where they sold off holdings during price tops. This reluctance to sell suggests confidence in future price increases.