Bitcoin's largest holders are sending less BTC to exchanges, signaling a potential shift in market dynamics. On-chain data reveals that inflows to Binance, a key exchange, have fallen below $3 billion for the first time since June 2025.
Simultaneously, long-term holders have increased their exposure, with realized cap change reaching $49 billion. This trend suggests that experienced investors are absorbing supply, while shorter-term holders are experiencing losses. The decrease in whale inflows is often interpreted as reduced selling pressure, indicating that Bitcoin is moving towards investors with a longer-term perspective.
Bitcoin was trading around $73,000, showing resilience amid geopolitical tensions. The broader crypto market has also held firm, supported by a recent ceasefire announcement.