Binance is witnessing a surge in Bitcoin whale activity, with order sizes exceeding $1.96 million signaling substantial institutional accumulation near the $108,000 price level. Rising market volatility is driving increased trading volume and shrinking exchange reserves, suggesting whales are quietly building positions ahead of potential market moves. Analysis from CryptoQuant reveals a spike in average Bitcoin spot orders on Binance to $1.96 million in October, one of the highest levels in recent months. This coincides with a surge in overall trading volume, reaching $2.82 billion, reflecting significant capital inflows into the spot market.
The increase in large order sizes suggests growing confidence among institutional investors who view current prices as an attractive entry point for potential future gains. Meanwhile, on-chain data shows diminishing exchange reserves and increasing long-term holding tendencies amongst major Bitcoin addresses, further reinforcing a shift towards accumulation strategies.
Liquidation zones near $109,000 are also indicative of intensified trader activity. According to TheKingfisher, “Large long positions have built up around $109,077 on Binance, creating a potent potential catalyst for price drops.” This data underscores the active speculation within a volatile trading range between $105,000 and $113,000, with both short liquidations decreasing and long liquidations increasing.