Where Do Whales Send Their Bitcoin? We Tracked 660 Flows.


"Follow the smart money."


Everyone says it. Few actually do it.


Here's where whale Bitcoin actually went:


๐Ÿ“Š DESTINATION LEADERBOARD (Identified Entities):


๐Ÿฅ‡ Binance: 556 flows (84.2%)
๐Ÿฅˆ Bitfinex: 69 flows (10.5%)
๐Ÿฅ‰ Kraken: 29 flows (4.4%)
Tesla: 2 flows
Coinbase: 1 flow
Bybit: 1 flow
bitFlyer: 1 flow
SlushPool: 1 flow

๐Ÿ‹ BINANCE DOMINANCE: 84%


Out of 660 identified whale flows, 556 went to Binance.


Not Coinbase. Not Kraken. Not "institutional custody."


Binance. By a landslide.


๐Ÿ“ˆ FLOW TYPES BREAKDOWN:


Not all whale moves are sells. Here's what the flows actually mean:


DISTRIBUTION: 1,816 blocks | 379K BTC
WALLET_TO_WALLET: 997 blocks | 508K BTC
BATCH_WITHDRAWAL: 863 blocks | 427K BTC
SINGLE_RECIPIENT: 812 blocks | 1.2M BTC
TO_EXCHANGE: 673 blocks | 252K BTC
CONSOLIDATION: 465 blocks | 309K BTC

๐Ÿง  WHAT THIS TELLS US:


1. Binance is the whale playground
When big money moves, it moves to Binance. Liquidity matters more than "regulation" for whales.


2. Distribution โ‰  Selling
1,816 "distribution" flows sounds bearish. But distribution means spreading across wallets - often for security, not sales.


3. Consolidation is bullish
465 consolidation flows = whales combining UTXOs. This typically precedes large moves, not exits.


4. Single Recipient dominates volume
812 flows moved 1.2M BTC to single addresses. OTC deals? Cold storage? Institutional accumulation?


๐Ÿ” THE PATTERN:


Whales aren't panicking. The flow data shows:



Consolidation (preparation)
OTC-style transfers (accumulation)
Exchange deposits to Binance (positioning)

This isn't distribution for exit. This is distribution for deployment.


Are you reading the flows, or just the headlines?



Data: On-Chain Flow Analysis | 660 identified whale flows


#Bitcoin #WhaleAlert #Binance #OnChainData #BTC #DYOR