Bitcoin flow data on the Binance platform reveals a significant shift in the behavior of large wallets during the first days of February, with the whale inflow ratio reaching its highest level since 2022. This reflects a clear return of activity from major addresses on the deposit side of the platform.
According to the data, total Bitcoin inflows to Binance reached approximately 78,500 BTC, while whale inflows alone amounted to around 38,100 BTC. Consequently, the whale contribution to total inflows rose to approximately 48.5%, the highest level since 2022. These figures indicate that nearly half of the Bitcoin deposited on Binance during this period came from large wallets—an important development in the market’s structure.
This sharp increase in the whale inflow ratio does not necessarily indicate an immediate intention to sell. Rather, it may reflect a range of possible scenarios. For instance, some whales could be reallocating their positions or preparing to deploy liquidity in derivatives markets. Alternatively, this behavior may signal a desire to lock in profits or reduce risk after periods of heightened price volatility.
Historically, elevated whale inflows often coincide with market transition phases, when prices sit in a fragile equilibrium between supply and demand. In some past cycles, such readings preceded temporary selling pressure, while in others they aligned with accumulation and repositioning phases before subsequent upward moves.
Written by Arab Chain