CEX whale ratios have risen sharply, with the amount of BTC flowing into Binance nearing its peak for the year. Whales are taking safe-haven and profi...

According to Mars Finance, the whale ratio on trading platforms has risen sharply recently, with the combined ratio across all platforms now reaching 0.47, indicating that large holders are increasingly transferring Bitcoin to exchanges. This trend is particularly pronounced on Binance, where the 14-day exponential moving average has climbed to 0.427, the highest level since April. Increased whale deposits often foreshadow a sell-off, as large institutions tend to utilize Binance's liquidity for large-scale selling. With Bitcoin struggling to break through the resistance above $93,000, this change suggests increasing selling pressure. If this trend continues, the price is more likely to consolidate or retest support levels before attempting another breakout. On-chain data shows that as of November 28th, the 30-day simple moving average of BTC flowing into Binance reached 8,915, approaching the yearly peak of 9,031 set on March 3rd. Historically, similar inflow peaks (such as in March) have often been followed by significant market corrections. This surge in inflows suggests that holders are actively preparing for hedging or profit-taking following Bitcoin's recent rally. Binance's increasing inventory poses a direct headwind as the market attempts to hold above the $96,000 resistance level. The upside trend may be limited until the market absorbs the excess supply.