Bitcoin Nears $85,000 as Binance Whales Pull $3B from Market — Is Another Rally Imminent?

Bitcoin has rebounded spectacularly this week, trading close to $85,000 after dipping below $74,000 last Monday due to macroeconomic turmoil triggered by Trump’s tariff drama. While retail investors indulged in panic selloffs, Binance whales have demonstrated remarkable composure. According to CryptoQuant data, these whales are consolidating their positions rather than selling off, signaling cautious optimism during volatile times. This has gone off to pay dividends for the Bitcoin price. 

Analysts Note Binance Whale Activity 

CryptoQuant analyst @Darkfost_Coc noted, “It appears that Binance whales are not panicking. On the contrary, both the Exchange Whale Ratio and whale inflows on the Binance exchange are decreasing.” This behavior suggests a strategic approach rather than fear-driven reactions, which could be underpinning the Bitcoin price’s recent surge.

How are Binance whales reacting to market uncertainty?

“It appears that Binance whales are not panicking. On the contrary, both the Exchange Whale Ratio and whale inflows on Binance are decreasing.” – By @Darkfost_Coc

Read more ⤵️https://t.co/7qfYSAWQo2 pic.twitter.com/Bh8O8VpL7c

— CryptoQuant.com (@cryptoquant_com) April 14, 2025

Two critical metrics highlight this trend. The Exchange Whale Ratio on the Binance exchange, which compares the top 10 inflows to total inflows, shows a steady increase in its 365-day moving average (DMA). This indicates growing long-term whale activity during bullish phases. However, the 30-day DMA reveals a short-term dip in whale participation, returning to levels seen in late 2024. This decline suggests reduced selling pressure and a preference for holding assets.

The second metric, Binance Whale to Exchange Flow, tracks whale inflows over 30 days and shows a sharp drop of over $3 billion, similar to corrections observed in 2024. This reduction in inflows signals that whales are refraining from aggressive selling and instead consolidating their holdings.

U.S. Institutional Investors React Differently

While Binance whales remain calm, U.S. institutional investors have taken a more cautious stance. Spot Bitcoin ETFs saw massive outflows last week, with BlackRock’s IBIT fund alone losing $343 million. This divergence highlights differing strategies between retail-focused U.S. markets and whale-dominated activity on the Binance exchange. As Bitcoin edges closer to $85K, the steadfast behavior of Binance whales may be pivotal in maintaining upward momentum amidst ongoing market chaos. Given that, let’s take a quick peek at the latest Bitcoin action and deduce where the price might go in the coming day or two. 

Bitcoin Price Analysis: $85K Poses Major Resistance

Bitcoin commenced trading around the $85,250 mark, working in a trading range from the previous day. In the early hours, Bitcoin tried to ascend, but promptly faced correction as it fell to $84,750 support. At 4:30 UTC, a death cross was observed on the MACD, which led Bitcoin to abandon the support. However, Bitcoin resisted the downtrend and formed a trading range around the $84,600 mark, eventually falling to the $84,250 support. 

Chart 1: published on TradingView, April 14, 2025

With a golden cross now in support, Bitcoin attempted an uptrend at 9:00 UTC. But the Bitcoin price could not keep the momentum going, as a downward trend ensued. This downtrend took BTC to $83,580. Overbought conditions were now seen, as the downward trend reversal occurred, characterized by heavy fluctuations. Bitcoin finally found support at $83,000. Another golden cross followed, and Bitcoin started climbing against, facing rejection at $85,330. Since then, Bitcoin has displayed range-bound behavior, stabilizing around the $84,600 mark. 

Bitcoin Price Prediction: Will Bitcoin Break $85,000 Resistance?

Bitcoin has been able to test the $85,300 resistance but has failed to break it in the past week. Even yesterday, it was seen hovering above $85,000 but could not produce any further gains. For now, if Bitcoin resists the selling pressure effectively, we could see an upward breakout out of this range. However, the RSI also seems to be reacting sensitively to the Bitcoin price movement. Given that, an upward breakout may corroborate a correction right after. In that case, Bitcoin would prefer holding on to the $83,500 level.