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Binance Whale Activity Spells Doom For Bitcoin Traders, Here’s More

2025-07-29 21:22:05

Binance Whale Activity Spells Doom For Bitcoin Traders, Here’s More

Main Idea

Increased whale activity on Binance has led to downward pressure on Bitcoin's price, with the cryptocurrency testing key support levels amid market volatility.

Key Points

1. Binance whales' inflow spiked to weekly highs of up to $1.2 billion in one day, increasing sell pressure across the market.

2. Bitcoin's price dropped from the $120k to the $116k support zone, with potential for further decline to $110k if support fails.

3. Retail volumes surged on Binance as BTC price declined, with short-term profit-taking observed among retail traders.

4. BTC investment products saw a correction with $175 million withdrawn, attributed to sideways movements and macroeconomic factors.

5. The $115K–$116K range is acting as a short-term support zone; a strong bounce from this region could prevent further declines.

Description

Binance and other centralized exchanges saw increased bearish Bitcoin (BTC) activity in the past 48 hours as sentiment dropped.

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