Key Takeaways
- Short-term holders and whales transferred over 16K BTC to exchanges amid price slides.
- Binance daily inflows neared 7,000 BTC, reversing a prior downtrend.
- Analysts warn increased whale deposits could drive deeper price corrections toward $108K.
Bitcoin traders and holders appear to be in retreat as both short-term investors and whales rush coins onto exchanges.
On Aug 1, more than 16,400 BTC flowed in, pushing Binance inflows to nearly 7,000 BTC—a flip from July’s steady decline.
Exchange Activity Signals Panic from Whales and Retail
CryptoQuant reports that short-term holders alone contributed over 40,000 BTC in sell-offs by August 1.
With whales accounting for over 70% of inflows, analysts expressed concern, warning sustained withdrawals may intensify downward pressure on Bitcoin’s price.
Market Structure Shows Unusual Weekend Behavior
US spot BTC ETFs saw outflows totaling $812M—the second-highest one-day withdrawal ever.
Traders like Skew and others noted odd quoting activity over the weekend, signaling possible large-scale risk exits by institutional players.
Final Thoughts
The convergence of whale behavior, short-term sell-offs, and ETF outflows has created bearish momentum. If this trend continues, Bitcoin could face a sharper correction—potentially back to $108K—challenging even confident hodlers.
Frequently Asked Questions
Who is selling Bitcoin now?
Both short-term holders and whales are offloading BTC to exchanges.
How much BTC went to exchanges on Aug 1?
About 16,417 BTC, with nearly 7,000 BTC into Binance alone.
Are long-term holders affected?
While some still hold, broader trends suggest increased selling pressure from all holders.
