Why Bitcoin Whales Are Staying Chill—What’s Their Game?

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Alright, hold onto your hats, because Bitcoin just pulled a 180. After plummeting to $74,000 earlier this month thanks to the global tariff war (yay, tariffs!), it’s now back on the rise. In fact, it’s currently floating above $85,000 after a neat 10% jump in the past week. All thanks to President Trump’s 90-day tariff pause… except for China, of course. Because China gets special treatment. 😏

This little news nugget helped settle some market nerves, and now both equity and digital assets are strutting their stuff again. So, we’re back in business—kind of.

Bitcoin Whales Stay Cool, Calm, and Collected

While Bitcoin is trying to get its act together, CryptoQuant’s Darkfost has a new analysis that shows something very interesting. Large holders (aka whales) on Binance—one of the busiest crypto exchanges—are acting… well, not at all like they have a pulse. They’re staying calm, not selling, and definitely not throwing panic parties. Seriously, have you ever seen a whale so zen? 🐋🧘‍♂️

In his post, “How Are Binance Whales Reacting to Market Uncertainty?”, Darkfost digs deep into key on-chain metrics and reveals why whales aren’t exactly jumping into action. The first thing he points to is the Exchange Whale Ratio (EWR), which compares the top 10 inflows to the total inflows on Binance. A higher EWR means whales are taking up a bigger chunk of the market. And right now, it’s going up—so, yeah, whales are quietly moving the market in the long run.

But here’s the twist: the 30-day moving average (DMA) is dropping, showing that whales aren’t doing much in the short term. Translation? They’re not panic-selling. They’re just… chilling. 😎

The second metric, Whale to Exchange Flow, is showing the same thing: whale inflows to Binance are down by over $3 billion. Yep, that’s a lot of money just sitting there. This trend looks eerily similar to what we saw during the 2024 market corrections. Apparently, whales prefer to wait it out, probably sipping some fancy cocktails by the crypto beach. 🍹

So, what does this all mean? It looks like Binance whales are saying, “Nah, not today,” when it comes to selling. They’re just hanging out, not making moves, and could be quietly confident about the long-term prospects of Bitcoin. Or maybe they’re just waiting for the next dip. Who knows. 😏

Buyers Are Still Out There, Despite All the Drama

Meanwhile, CryptoQuant analyst Mignolet says there’s still some buying strength happening on Binance. The market buy ratio—the one that tracks how many market buy orders are coming through—hasn’t just held steady, it’s actually reached new highs. Because nothing says “stability” like more market buys during a time of utter chaos, right? 🤷‍♀️

This trend suggests that demand is still there, even with all the macroeconomic craziness going on. I mean, the market might be a bit of a roller coaster, but apparently, some people like the ride. Historically, when the buy ratio stays high, we’ve seen medium-term rallies, but we need more data to be sure. So, yeah, we’re all just guessing, really. 🎢

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2025-04-15 03:44