Bitcoin is facing renewed selling pressure as the broader crypto market struggles with volatility and 0 action has narrowed into a critical zone around $110,000, a level that could dictate the trajectory for the coming 1 above this support would keep bullish hopes alive, opening the door for a potential retest of all-time 2 if BTC loses this foothold, analysts warn that a sharper drop toward $100,000 could follow, a move that would shake market 3 onchain data adds another dimension to this 4 analyst Maartunn shared insights revealing that Binance Exchange Inflow (Mean, MA7) has shifted significantly, showing a marked increase in the average size of deposits hitting 5 historically Binance has been known as a retail-heavy exchange, the 7-day mean inflow now stands at 13.5 BTC per transaction — a level that signals whale-sized activity rather than small retail 6 structural shift highlights how large players are becoming more active on Binance, seeking its deep liquidity to manage significant trades 7 Bitcoin, it adds weight to the current moment: a pivotal price test against the backdrop of growing whale presence, making the next moves all the more 8 Activity Surges As Exchange Inflows Shift According to CryptoQuant analyst Maartunn, the onchain metric known as Binance Exchange Inflow (Mean, MA7) offers a valuable lens into the type of participants dominating exchange 9 metric tracks the average size of deposits hitting 10 the mean inflow is low, it typically indicates a large share of deposits coming from retail investors, who generally move smaller amounts of 11 contrast, when the mean inflow rises, it reflects whale-sized transactions, suggesting that larger players are becoming more 12 present, the 7-day moving average stands at 13.5 BTC per deposit, a striking figure that confirms whales are playing a greater role on 13 put this into perspective, back in early 2024, the same metric hovered around just 0.8 BTC, reinforcing Binance’s reputation at the time as a retail-driven 14 surge to today’s levels represents a dramatic shift in market structure, with whales now shaping flows on what was once considered the most retail-heavy 15 evolution aligns with Binance’s position as the largest exchange by trading 16 whales, liquidity is essential: moving tens or hundreds of millions in Bitcoin requires an environment where sizable orders can be executed without causing disruptive price 17 provides exactly 18 trend highlights a broader market 19 institutional adoption and whale accumulation rising, the very nature of exchange activity has changed, making Binance not just a hub for retail traders but also a key venue for large-scale players steering market 20 Tests Critical Support Zone Bitcoin is trading around $109,800 after a sharp pullback, with the chart showing clear selling pressure weighing on price 21 rejection from highs near $123,000 earlier in August triggered a sustained downtrend, pushing BTC below both the 50-day ($115,654) and 100-day ($116,634) moving 22 levels now act as firm resistance, reinforcing the bearish momentum in the short term.
Currently, BTC is testing the 200-day moving average near $111,700, a key zone that could determine whether the market stabilizes or faces deeper losses. A confirmed breakdown below this level would expose Bitcoin to further downside, with the next major support around $106,000–$108,000. If this zone fails to hold, sentiment could sour further, opening the path toward $100,000. A rebound above $112,000 would ease immediate pressure and allow BTC to retest the $115,000 23 that area would be essential for bulls to regain control and rebuild momentum toward the $120,000–$123,000 resistance 24 image from Dall-E, chart from TradingView
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