PULLBACK â WHALE RATIO FLASHES CAUTION đš
BTC
68,207.02
-0.80%
Bitcoin briefly touched $124K before slipping below $120K, now hovering near $118,336 â down 1.9% on the week.
On-chain data shows the whale exchange ratio above 0.50, a level often linked to short-term volatility. Large holders are moving coins, but more BTC is leaving exchanges than entering â a potential accumulation signal.
đ Binance spot volume surged to $7B in a single day. Retail traders are becoming more active, with short-term holders selling into strength.
Whales, however, remain unusually quiet â just 1,170 BTC inflows compared to 14,610 BTC during Julyâs drop.
The next few days will be pivotal: can BTC reclaim $120K⊠or is a deeper correction on the way?