According to CryptoQuant data, the Bitcoin Exchange Whale Ratio (EMA 30) on Binance is currently hovering around 0.47, down from nearly 0.49 in early October, while $BTC is trading around $81,700.

Notably, despite multiple periods of market volatility, Binance remains one of the key platforms for monitoring BTC flows from large investors.

The decline in the Whale Ratio indicates that the proportion of large BTC deposit transactions relative to total exchange inflows is decreasing, potentially reflecting shifts in whales' trading strategies and asset management activities.

This further reinforces Binance's important role in the Bitcoin ecosystem, where the activities of large investors provide valuable on-chain data for observing market sentiment and developments.

Written by Rei Researcher