Large Bitcoin (BTC) holders on the Binance exchange are sending strong bullish signals to the broader cryptocurrency market, according to the latest data from on-chain analytics platform CryptoQuant.

The Bitcoin inflows of whales (investors with large quantities of the digital currency) have dropped briskly to around $3 billion. Analysts take this as an indication that big players are buying and not selling BTC, which is a reversal of the past where whales on exchanges were a precursor to substantial sell-offs.

Whales Hold Steady Amid Price Surge

Bitcoin was priced at $110,348.60 at the time of reporting, marking a 1.52% increase in the last day. The currency is currently trading within 2 percent of its all-time high (ATH) of 111,970, set in May 2025.

Although the price is going up, there has been a significant absence of whales depositing large amounts of Bitcoin onto Binance: a typically telling signal of an upcoming sell-off. Such reluctance to sell shows that top investors are becoming increasingly confident that Bitcoin might as well keep moving upwards.

CryptoQuant stressed that the whale inflow of the current $3 billion is strikingly different as compared to the past examples like the BTC withdrawal of $50 million on Binance that happened about 10 days prior to Bitcoin hitting the last ATH. The current accumulation pattern indicates that whales are expecting some more profits during this rally.

Market analysts observe that the ability of large holders to avoid the temptation to sell during price rallies, besides highlighting the belief in the assets long term potential, lowers the selling pressure, further fueling the bullish momentum.

The wider crypto community is paying attention. As Bitcoin approaches fresh all-time highs, the idea that the digital asset might shortly surpass the $120,000 level is gaining strength, further fanning the flames of the already rampant market sentiment.