Bitcoin (BTC) whales who own more than 1,000 BTC are seeing a change in their behavior. There has been a significant increase in remittances to Binance, the crypto exchange with the largest trading volume, reflecting bearish sentiment as they are believed to be sending coins to the exchange to sell them.
According to CryptoQuant Explorer data on October 19, 2026, based on a 30-day moving average, Bitcoin whale movements to Binance amounted to approximately $8.3 billion. This is the highest level since 2024..
An increase in these flows, especially when they reach such high levels as they currently do; It is considered a signal of a possible fall in prices..
This increase in whale transfers to Binance comes during Bitcoin’s downturn. After falling to as low as $60,000, the asset has been hovering around $68,000 for three weeks, 52% below its all-time high of $126,000 marked on October 6, 2025.
Bitcoin whale being observed
However, it should be noted that the inflow of whales to Binance has reached its highest level since 2024. This does not necessarily mean withdrawing from the market completely.. It may also reflect strategic moves to manage liquidity, such as transferring assets for use in derivatives or repositioning in anticipation of broader future moves.
Beyond the reasons for this move, analysts known as Arab Chain highlight that “historically, large increases in this average tend to coincide with periods of greater volatility or transitions in market structure.” In this sense, it is important to take into account the possibility of large price fluctuations, especially due to changes in the attitude of whales.
Increase entries to Binance A period of relatively stable whale movements continued.. This “confirms the hypothesis that major investor sentiment has changed,” the analyst said. “If these flows continue to increase, they could increase the supply available for sale on exchanges, which could put downward pressure on prices in the short term,” he warned.
“On the contrary, if the flow rate decreases again, it could signal the end of the distribution phase and the gradual return of confidence,” the expert contrasted. That’s why it’s important to monitor whale behavior. The reason is that they move large amounts of capital and can exert significant bullish or bearish power depending on their movements.
Business cycle background and risk factors
Selling pressure signals from whales This comes as Bitcoin endures a year of expected weakness.according to its historical pattern. Currency prices always reach the end of a bull cycle the year after a halving, and the crypto winter has begun. The latest edition of this event, which halved the amount of BTC issued every four years, was in 2024.
As the chart below shows, historically, Bitcoin has fallen by about 80% during each crypto winter. If such a pattern repeats, it suggests that the bottom of the current downtrend has not yet been reached.
In order, Advances in quantum computing raise market concernsas reported by CriptoNoticias. If this technology is not resilient, there are concerns that it could crack Bitcoin’s private keys in the future.
The outlook is also strengthened by macroeconomic uncertainty surrounding factors such as President Donald Trump’s import tariffs. But on February 20, the Supreme Court invalidated them, saying the president exceeded his authority in implementing them. This potentially calming move triggered an upward reaction in the US stock market.
Meanwhile, the US stock market has been on an upward trend for three consecutive years. As analyst Willy Wu pointed out, this long-term extension could mean such a cycle is nearing its end. Therefore, we predict that general risk aversion may increase if liquidity does not increase.