After last week’s panic-driven sell-off, Bitcoin inflows to exchanges are cooling — while whales quietly scooped up over $2.8 billion in BTC. The data points to a market shifting from fear to quiet accumulation, with long-term holders once again setting the tone.
Bitcoin’s intense wave of exchange deposits — a classic sign of profit-taking — is finally cooling down.
At the height of last week’s crash, more than 64,000 unique addresses sent BTC to Binance, marking the largest deposit spike since July 2025. That panic coincided with Bitcoin’s sharp correction from $124K to $107K, as short-term traders raced to lock in gains.
But now the storm seems to be passing. Exchange inflows have dropped to around 40,000 addresses, suggesting the worst selling pressure may have peaked.
“Exchange inflows spiked exactly at the market’s emotional peak — a typical capitulation signal,” noted CryptoQuant analysts.
The cooldown phase now shows stabilization in the $107K–$110K range, often a technical “reset zone” before new market legs begin.
While retail traders sold into fear, whales bought the drop.
Addresses linked to major accumulation wallets added 26,500 BTC — roughly $2.8 billion — during the correction, according to CryptoQuant.
The blue whale inflow line surged as prices fell — a signal that large players are accumulating, not capitulating. Historically, this pattern has preceded local bottoms, when institutional buyers quietly reload while retail exits.
“The whales are showing classic smart-money behavior — buying fear and betting on recovery,” said one on-chain strategist.
Bitcoin’s spot price now sits below the Short-Term Holder Realized Price (STH RP) — currently $113,643, while BTC trades near $106,345.
Historically, dips below STH RP have acted as high-probability buy zones, often marking the end of short-term corrections and the start of new uptrends.
Meanwhile, the Long-Term Holder Realized Price (LTH RP) remains steady at $36,786, showing that seasoned investors haven’t flinched — a strong sign of long-term conviction.
Bitcoin’s recent data paints a familiar picture:
With inflows cooling and whale wallets growing, this may be the calm before the next bullish move — provided BTC can reclaim $111K–$113K support.
For now, the message from the blockchain is clear: smart money is back on the buy side.
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