Binance Whale Activity Shows Potential Selling Pressure in Bitcoin Market

Recent data from the Binance Whale Ratio indicates a shift in large holder behavior regarding Bitcoin’s recovery phase. This metric shows increased whale activity on the exchange following the October 10 market dip, indicating potential selling pressure as prices rise. The seven-day EMA of the Exchange Whale Ratio has risen significantly from 0.33 to 0.41 over two weeks, suggesting a growing inclination among large Bitcoin holders to sell their holdings. This trend aligns with historical data, where increased whale activity coupled with price gains often precedes market volatility and short-term supply pressure.