Bitcoin continues to see declines on the weekly and monthly timeframes, down 8.4% and 16.2% respectively. However, signs of recovery are emerging in the short-term.

Over the past 24 hours, Bitcoin price has increased slightly to $81,647, raising questions about the possibility of the correction ending. Analysts’ attention is now focused on whale activity and exchange trends to determine whether the sell-off is over.

Binance Whale Activity and Its Impact on Bitcoin

CryptoQuant analyst Darkfost has identified an important trend in whale activity on Binance – the world’s largest cryptocurrency exchange by volume. Binance plays a major role in market liquidity, so a change in whale behavior on the exchange could be an important signal for Bitcoin price movements.

According to Darkfost, the Bitcoin whale ratio on Binance is decreasing, indicating that selling pressure from large Bitcoin holders is easing. The ratio measures the contribution of the top 10 deposits to the total inflow to the exchange. When the ratio is high, it reflects strong selling activity from whales, which often leads to price corrections or consolidation periods. Conversely, when the ratio is falling, selling pressure is also reduced, helping to stabilize Bitcoin prices or even support a recovery.

Market history has shown that a decline in whale selling activity often precedes Bitcoin price increases, making it an important indicator for investors. If this trend continues, Bitcoin could see selling pressure ease and establish a price stability momentum in the near term.

Binance’s Dominance in Cryptocurrency Trading

CryptoQuant analyst Crazzyblockk also highlighted Binance’s dominance in both the spot and derivatives markets, reinforcing the exchange’s important role in price discovery and liquidity.

Currently, Binance holds 45.5% of the USDT futures market share, far surpassing other trading platforms. This confirms Binance as the preferred choice for derivatives trading, offering the best liquidity and optimal order execution.

In the spot market, Binance also holds 35% of the total trading volume, affirming its position as the largest exchange in the industry. With this dominance, any change in cash flow or whale activity on Binance can have a strong impact on the Bitcoin market.

Conclusion

Recent data shows that whale selling activity on Binance is decreasing, opening the door for Bitcoin to find stability and recover in the short term. At the same time, with Binance dominating both spot and derivatives trading, indicators from this exchange continue to be an important factor for investors to assess market trends. If selling pressure continues to weaken, Bitcoin may soon enter a positive correction phase, creating a foundation for a new recovery.