Bitcoin holders are facing increasing pressure as daily inflows to centralized exchanges rise sharply, signaling renewed selling activity among both whales and retail traders.
Over 40,000 BTC Sent to Exchanges at a Loss
According to recent on-chain data, short-term Bitcoin holders (STHs) sent more than 40,000 BTC to exchanges on August 1 — the highest figure since mid-July. This mass movement of coins at a loss reflects growing fear in the market.
“Short-term holders are bleeding BTC,” notes a leading on-chain analyst, highlighting the loss-induced panic that is contributing to the bearish sentiment.
Binance Sees 7,000 BTC Daily Inflows
In a broader trend beginning in early July, BTC inflows to Binance alone have surged from 5,300 BTC to over 7,000 BTC daily, ending a multi-month downtrend in exchange deposits.
This consistent uptick suggests a shift in investor behavior — from accumulation to de-risking.
The Exchange Whale Ratio — a key metric tracking the proportion of large deposits from whales — has exceeded 0.70, indicating that a majority of recent inflows come from large wallet holders. Historically, such conditions have preceded further selling pressure and market drawdowns.
Whales and Institutions Join the Sell-Off
Bitcoin’s price recently dropped below $112,000, triggering broader sell-offs. Data shows over $800 million in outflows from U.S. spot Bitcoin ETFs on August 1, marking the second-largest single-day withdrawal on record.
This de-risking behavior is not limited to individual traders — institutions are offloading as well, possibly due to macroeconomic uncertainties.
Is a Deeper Correction Ahead for BTC?
With weekend market activity typically subdued, large-volume selling over the weekend has raised red flags among traders. Analysts warn that continued whale-led exchange inflows could lead to a deeper correction, especially if the market fails to hold key support around $110,000.
All signs point to cautious sentiment among Bitcoin holders as exchange inflows, ETF outflows, and whale activity combine to weigh heavily on BTC’s short-term price outlook.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.