Bitcoin Whales Look More Active - but Exchange Inflows Are Actually Drying Up $BTC is trading near $84,300 after another rejection below $87K. The number attracting attention now is Binance’s Exchange Whale Ratio, which reached 0.515, its highest level since August. But put it next to the actual flow data: Whale ratio: 0.515 ↑ 7-day Binance inflows: 32,642 BTC ↓ Spot CVD: -$102.8M → +$33.2M Futures OI: $38B → $36.6B ETF flows, Oct. 6: +$118.8M That combination is more complicated than “whales are selling.” The ten largest deposits now make up a bigger share of Binance inflows, but total deposits are sitting in only the 11th percentile of the past year. In other words, whales dominate a much smaller pool. At the same time, spot buyers have returned, leverage has cooled, and ETF flows are positive again. So the unusual part here is not that whales suddenly flooded Binance with BTC. It is that their share rose while overall exchange deposits stayed unusually low. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#