Bitcoin Whales Show Bullish Signs as Accumulation Grows on Binance

Recent activity from Bitcoin whales on Binance indicates a bullish trend, with large holders showing a notable accumulation of the cryptocurrency. Despite Bitcoin’s price nearing its all-time high, whales are not depositing BTC to sell, suggesting they are confident of further price increases. Speculation about Bitcoin hitting a new high of $120,000 is swirling in the crypto market.

Bitcoin whales on Binance are sending strong bullish signals, indicating a significant accumulation of the cryptocurrency. Recent data from CryptoQuant, an analytics platform, reveals that the inflow of Bitcoin from these large holders has decreased to around $3 billion. This shift in strategy marks a departure from the previous trend where whales would often offload Bitcoin during price surges.

At the time of reporting, Bitcoin was trading at $110,348.60, increasing by 1.52% in the last day. This puts BTC tantalisingly close to its all-time high of $111,970, reached in May 2025. Despite the upward movement in price, the absence of deposits from whales on Binance suggests they are not looking to sell right now.

One CryptoQuant analyst remarked, “Today, however, inflows are just around $3 billion and are continuing to decline, suggesting that these whales prefer to keep holding.” This sentiment indicates that these significant players on the exchange are expecting further price appreciation in this current rally of Bitcoin.

This holding pattern implies strong confidence in Bitcoin’s potential for future growth, especially since history shows that whales typically sell during price peaks. Consequently, their reluctance to liquidate positions at this time could further support Bitcoin’s price momentum.

Interestingly, just before Bitcoin reached its recent ATH, a notable transfer of $50 million worth of Bitcoin occurred, with whales moving it off the Binance exchange. The same bullish momentum might be returning, but this time, it appears that whales are opting to hold instead of sell.

Market analysts are buzzing with excitement as speculation heats up regarding Bitcoin’s trajectory. Some traders are eyeing a potential new all-time high of $120,000 on the horizon, driven by these recent developments in whale behaviour and market dynamics. As the excitement builds in the broader cryptocurrency community, many are eager to see how high Bitcoin can soar in the upcoming days.