Bitcoin slides 5%, whales take profits – Is it time to sell, or should you wait?

Key Points

1. Bitcoin fell nearly 5% from its late July high of $119.8k, reaching a 3-week low of $112k on August 2nd.

2. Binance BTC inflows rose from 5,300 to 7,000 BTC in the past month, indicating a shift in investor behavior.

3. The Exchange Whale Ratio surged to 0.7, suggesting whale dominance in the market.

4. The Fund Flow Ratio dropped to 0.053, implying fewer short-term sell-offs, while Bitcoin's Stock-to-Flow ratio hit a monthly high of 646.21, signaling supply tightening.

5. Bitcoin's Directional Movement Index (DMI) declined to 14, and the Negative Index surged to 21, indicating weakening momentum and potential further downside to $110k or consolidation between $113k-$117k.