CEX Whale Ratio Surges, BTC Inflow to Binance Nears Yearly Peak, Whales Engage in Risk-off and Profit-taking Actions After Price Recovery

According to reports from Cointelegraph, the whale ratio on exchanges has recently surged, with the overall ratio on all platforms reaching 0.47, indicating that large holders are increasingly moving Bitcoin to exchanges. This trend is particularly pronounced on Binance, where the 14-day moving average index has climbed to 0.427, the highest level since April.

An increase in whale deposits is often a precursor to a selling phase, as large institutions tend to use Binance's liquidity to offload large amounts. With Bitcoin struggling to break above the $93,000 resistance, this shift suggests that selling pressure is intensifying. If this trend continues, the price is more likely to consolidate or retest support levels before attempting another breakout.

On-chain data shows that as of November 28, the 30-day simple moving average of BTC inflow to Binance reached 8,915 coins, close to the yearly peak of 9,031 coins set on March 3. Historical data indicates that similar peaks in inflow (such as in March) are often followed by significant market pullbacks.

The sharp increase in inflows indicates that holders are actively preparing for risk-off or profit-taking after Bitcoin's recent rise. As the market attempts to hold above the $96,000 resistance level, the growing inventory on Binance poses a direct headwind. The uptrend may be limited until the excess supply is absorbed by the market.

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