after Failure In order to decisively collapse from the level of $ 120,000 in mid -July, Bitcoin (BTC) may face additional price corrections as whales continue to increase BTC flows to the exchange of Binance encryption.
Do Bitcoin lose its difficult momentum?
According to the recent participation of Cryptoquant Quicktake by the joint -stock Arab series, new data from the whale flow indicator indicates that BTC may soon face additional pressure on the downside.
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The analyst pointed out that despite the increasing retail sharing in the BTC market, the constantly high whale flows to Binance – besides the low price of bitcoin – indicates that the market can enter a technical correction phase.
The Arabic series shared the next scheme, as the purple region shows that whale flows to Binance have been constantly high throughout July and early August. At the same time, the decrease in the price of BTC reflects a distribution pattern, as whales begin to empty BTC on exchanges after a sharp march.
Although there are no extremist mutations, whale flows in Binance remained high in a range of $ 4 billion to $ 5 billion, indicating that these senior pregnant women actively move BTC to the stock exchange-often the introduction of major sale.
The fact that these flows are still high on Binance despite the low price of BTC indicate that whales still sell their property on the stock exchange, or they are waiting for prices to recover out of the market.
Likewise, the light blue area in the plan shows a noticeable increase in retail flow flows to Binance in late July and early August. Historically, this late -stage retail sharing often indicates the final stage of a climb cycle, providing liquidity of whales. The analyst concluded:
Despite the high retail sharing, the market shows signs of internal weakness, with sustainable whale flows to support and loss of upward momentum. If this behavior continues, the market may enter a medium -term correction stage.
Investors are still optimistic about BTC
while Signs He suggested that the current BTC crowd wander, some investors remain confident, employment Strategies such as average cost in smart dollar (DCA) for BTC assembly in anticipation of other gains.
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Oionen’s encrypted colleague indicated that although the recent BTC price decline has raised concerns about more declines, the performance of the historical assets Q4 to push To the highest new level ever at $ 200,000 by the end of 2025.
After reaching its lowest level in recent times, about $ 111,800, BTC has regained part of its losses and is now trading near $ 116,500. However, some analysts to caution Investors against “excessive optimism”. At the time of the press, BTC was traded at 116,501 dollars, an increase of 0.2 % over the past 24 hours.
A distinctive image of Unsplash, plans from Cryptoquant and TradingView.com
The post Bitcoin Bull Run At Risk? Binance Whale-To-Exchange Flow Signals Price Correction first appeared on Investorempires.com.
