CEX Whale Ratio Surges Dramatically, Inflow of BTC to Binance Nears Yearly Peak, Whales Engage in Safe-Haven and Profit-Taking Moves After Price Recovery

On December 6, Cointelegraph reported that the exchange whale ratio has recently surged, with the overall ratio across all exchanges now at 0.47—suggesting large Bitcoin holders are increasingly moving their holdings to exchanges. This trend is especially pronounced on Binance, where the 14-day exponential moving average (EMA) has climbed to 0.427—its highest level since April. Whale deposits typically signal a sell-off phase, as large institutions often leverage Binance’s liquidity to offload holdings en masse. With Bitcoin struggling to break above the $93,000 resistance level, this shift points to intensifying selling pressure. If the trend persists, the price will likely consolidate before attempting another breakout or retesting key support levels. On-chain data shows that as of November 28, the 30-day simple moving average (SMA) of BTC inflows to Binance hit 8,915 coins—near the annual peak of 9,031 coins recorded on March 3. Historical data indicates similar inflow peaks (like the March 3 high) have typically preceded significant market pullbacks. This inflow surge signals holders are actively prepping for hedging or profit-taking following Bitcoin’s recent rally. As the market tries to hold above the $96,000 resistance level, Binance’s growing inventory creates a direct headwind. The uptrend may be capped until the market absorbs the excess supply.