According to BlockBeats, on August 5th, CryptoQuant analyst Darkfost reported that Binance's Whale Inflow Ratio has risen to 0.52, a four-month high.
Bitcoin is currently trading in a narrow range between $60,000 and $65,000. Whale activity is significantly more pronounced compared to retail and small traders, with whales sending more BTC to Binance than other participants, increasing selling pressure on Bitcoin.
Historically, spikes in this ratio have occurred at both market tops and bottoms, accompanied by panic and capitulation selling. Given the current low-volatility environment, the indicator is likely to quickly return to normal once this phase passes. It remains to be seen whether this trend will continue.