Bitcoin Holds Strong as Whales Absorb Binance Retail Selling

Key Points

1. Whales withdrew over $600M in BTC and ETH from exchanges, indicating strong accumulation, while retail traders sold aggressively, with inflows to exchanges surging from $12B to $16B in 30 days.

2. Binance’s Net Taker Volume turned negative, reflecting retail selling into strength, a trend seen previously when BTC surged from $78K to $111K in April 2025.

3. BTC price analysis shows a fragile but balanced market: RSI cooled to 63.11 (still bullish), MACD hints at a pullback, and Bollinger Bands suggest a breakout toward $123.5K if $114.8K holds, or a drop to $106K if it fails.

4. Spot Bitcoin ETFs saw a resurgence in net inflows, though minor profit-taking is evident via a slight dip in ETF MVRV.