Bitcoin Whale Selling Pressure Eases as Binance Inflows Drop and ETF Demand Weakens

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Bitcoin sell pressure eases, but weak ETF demand and deleveraging keep market momentum subdued.

Bitcoin has been playing it cool lately, trading in its little comfort zone between $62,000 and $75,000 like someone trying to pretend they’re not freaked out by the world. It’s holding steady, even though everything else feels like a dumpster fire. But let’s not get too excited-sentiment across the crypto space is still “meh.”

Current price levels place Bitcoin about 47% below its all-time high, which is like saying it’s just taking a breather after a serious run. On-chain data is starting to hint that big holders are changing their game plan, which is always something to watch-because when whales move, we all feel the waves.

Bitcoin Selling Pressure Eases as Whale Inflows Fall to 1,600 BTC Daily

According to the ever-watchful Darkfost (who clearly spends more time on Binance than I do at family gatherings), whale activity has slowed down recently. Earlier this year, these big fish were happily sending Bitcoin to exchanges, practically begging for someone to buy it. Now? Not so much.

Whale selling Is cooling down on Binance

Despite a tough year for Bitcoin, it’s still holding between $62,000 and $75,000, proving that sometimes the market doesn’t totally implode even when everything else does.

Bitcoin is now trading at around 47% of its…

– Darkfost (@Darkfost_Coc)

For a while, as BTC neared the $60,000 level, things got really dramatic. On February 4, Binance saw one of its biggest inflows ever: 11,800 BTC. It was like the end-of-year sale at your local mall-except the mall was crypto, and instead of Tupperware, it was just a lot of whales offloading their Bitcoin.

That aggressive selling was reflected in daily whale inflows, which shot up from about 1,000 BTC to nearly 4,000 BTC by late February. It was like the whales had suddenly decided they wanted to make a quick buck before the bottom fell out.

But recently, things have chilled out. Whale inflows are now at about 1,600 BTC a day. This isn’t a dramatic drop, but it’s enough to suggest that the whales have decided they don’t need to make a panic exit. Instead, they’re just sitting there, maybe sipping a piña colada, and doing whatever whales do when they’re feeling neutral.

Institutional Bid Weakens: BTC ETFs Record Outflows Amid Market Deleveraging

While the whales are taking it easy, there’s a darker cloud hanging over the demand side. Bitcoin ETFs, which once swallowed up massive amounts of supply, are now seeing net outflows. So much for institutional investors being the cavalry, right?

It’s like everyone thought the rally was going to be the greatest thing since sliced bread, but now it feels more like a three-day old sandwich no one wants to touch.

Image Source: SoSoValue

And let’s talk about those ETF inflows. Or rather, let’s talk about their absence. There’s no institutional buy-in to save the day. Without a strong institutional bid, the market is basically waiting for someone to swoop in and save it. Spoiler alert: that’s probably not happening anytime soon.

The open interest in futures markets has been on the decline, signaling that people are starting to get cold feet. No one wants to make big bets, and who can blame them? The whole thing feels like a party that’s winding down, and the only ones left are the folks who are way too into crypto to leave.

Image Source: CryptoQuant

This all points to a broader deleveraging phase. Basically, everyone who borrowed too much money is being forced to sell. It’s like the crypto version of that one friend who always overspends on credit and ends up crying at the bar.

As for the Bitcoin held on exchanges? It’s falling. Down to about 2.7 million BTC, which is a good sign that people are putting their coins into long-term storage. While it’s not exactly a “Buy Now!” sign for everyone, fewer Bitcoins on exchanges could tighten things up if buying interest returns. But again, that’s a pretty big “if.”

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2026-03-31 16:53