Analysis: Whale Activity on Binance Surges After Recent Pullback, with Daily Average Incoming Transfer of 3200 BTC in the Past Month

BlockBeats News, June 15th — Analyst Darkfost stated that after reaching a peak of $82,700 in May, Bitcoin has entered a correction phase, with the recent maximum cumulative decline exceeding 28%. Breaking below the $60,000 psychological support level a few days ago reignited concerns among market participants, including whales. As the pullback deepened, whale activity on the Binance platform significantly increased — the daily inflow of BTC to the platform exceeded 6,000 coins multiple times, reaching a peak of over 8,000 coins in early June. Over the past month, whales have been transferring an average of 3,200 BTC to Binance daily, compared to only 1,200 coins at the end of April, representing a growth of over 160% in just a few weeks.

Darkfost believes that this trend indicates that many holders have intensified their selling during the recent dip, or at least their willingness to sell has significantly increased. Although whales are usually considered more rational BTC investors, they are not entirely immune to market pressure. In an environment where macro and geopolitical uncertainties remain high, some whales may choose to reduce their exposure, close positions, preserve capital, and mitigate the potential downside risk of further market deterioration.