[Analysis] "Whale investor inflows to Binance accelerate…signs of mounting selling pressure"

Uk Jin

Summary

Amid a recent Bitcoin downturn, the whale inflow ratio on Binance jumped from 0.4 to 0.62.
The contributor said a rise in the whale inflow ratio could be interpreted less as expanded buying and more as a signal of increasing potential selling pressure.
The contributor added that large amounts of Bitcoin moved to Binance from multiple whale addresses, including addresses linked to Garrett Jin, suggesting a reassessment of positions amid an uncertain market environment.

As Bitcoin (BTC) remains in a bearish phase, an analysis suggests that the share of large investor (whale) funds flowing into Binance has surged.

On the 17th (KST), CryptoQuant contributor Darkfost said in a report, "Between Feb. 2 and 15, Binance’s whale inflow ratio jumped from 0.4 to 0.62." The whale inflow ratio is an indicator calculated as the share of Bitcoin deposits from the top 10 largest transactions relative to total deposits.

The contributor analyzed that "a rising whale inflow ratio means the proportion held by large holders has increased within the overall supply," adding that "this can be interpreted less as broad-based buying and more as a signal of rising potential selling pressure."

The contributor added, "Some of the inflows may have come from addresses linked to Garrett Jin, known as the '10·10 insider'," noting that "the address recently moved close to 10,000 coins to Binance." He continued, "Large amounts of Bitcoin were deposited to Binance from multiple whale addresses," and added that "this suggests that major players are reassessing their positioning and strategies amid an uncertain market environment—not merely because of Binance’s deep liquidity."

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