Bitcoin plummeted below $112,000 as heightened selling activity from whales and short-term holders triggered a significant spike in exchange inflows, threatening extended market declines.
Market data confirms over 40,000 BTC recently moved to cryptocurrency exchanges at a loss, with whale transactions pushing the Exchange Whale Ratio beyond 0.70 – a critical threshold historically indicating heavy selling pressure and elevated correction risks.
Institutional-scale deposits to major trading platforms including Binance accelerated substantially over recent weeks, rising from approximately 5,300 BTC in daily inflows during early July to nearly 7,000 BTC currently.
Analysts report unusual weekend market turbulence compounded by liquidity constraints amid the selloff. While BTC attempted a rebound approaching $114,000, the sustained outflow of coins to exchanges continues to undermine recovery momentum.
The coordinated exit pattern demonstrates reduced confidence among key stakeholder groups, with experts warning persistent selling may prolong the ongoing downward trajectory across cryptocurrency markets.