Whale BTC deposits to Binance hit 14-month high, analyst warns of volatility

The share of Bitcoin deposits to Binance from large-scale investors, or whales, has reached its highest level since November 2024, potentially signaling increased market volatility, according to crypto analyst Arab Chain in a contribution to CryptoQuant. The analyst noted that the proportion of BTC deposits to the exchange from whale addresses has climbed to 0.66. Arab Chain suggested this indicates that large investors are beginning to take profits or adjust their positions as prices enter a critical range. However, the analyst clarified that these inflows do not necessarily signal an immediate sell-off. If demand and liquidity remain stable, the trend could lead to a period of heightened volatility rather than a sharp price decline.