Average BTC inflows from whales on Binance have doubled.
There is a market in defensive mode, where risk appetite has weakened, says analyst.
Bitcoin (BTC) recorded a sharp drop this Monday, December 1, with the price falling below USD 86,000.
As can be seen in the following graph, after recovering the level of USD 90,000 and staying there for a week, The price of bitcoin corrected abruptly.
The bearish movement coincided with a significant increase in whale transfers to Binance, the largest cryptocurrency exchange in the world. The above suggests a change of positioning by the most influential players in the market.
According to data According to analytics firm CryptoQuant, average bitcoin inflows associated with large addresses—greater than 100 BTC per transaction—have doubled since the last all-time high.
Currently, these inflows are around 4,000 BTC on the 90-day moving average. This, reflecting a substantial increase in the activity of this segment.
The chart below shows that, during the second half of 2025, BTC inflows to Binance associated with whales have increased markedly.
This behavior occurs in a context in which bitcoin is going through a corrective phase that has already lasted almost two months, as reported by CriptoNoticias.
According to “Darkfost”, CryptoQuant community analyst, this movement of the whales “reflects a weakening of risk appetite.” Besides, anticipates possible additional adjustments in the bitcoin market, which is “in defensive mode.”