- Bitcoin’s rally has been resilient, fueled by FOMO and strong holder conviction
- Exchange Whale Ratio serves as a critical market pulse check for BTC
Bitcoin’s weekly performance has been rock solid. With the entire supply sitting in profits, you’d think a wave of selling would’ve kicked in by now. So far though, holders are holding strong. No major pullbacks, no panic exits.
Still, as AMBCrypto pointed out, that patience might be wearing thin. The longer BTC stalls below its key resistance without a breakout, the more attractive it becomes to de-risk. The logic is simple – Why let profit margins bleed?
In a market this extended, all it takes is one crack in a key support level to trigger a broader unwind. So, when CryptoQuant signals a surge in Binance whale activity, it’s a signal you can’t afford to ignore.
FOMO – Glue holding Bitcoin’s rally together
The Fear & Greed Index hasn’t tapped into full-on euphoria yet. And that’s telling. Historically, when BTC enters the “extreme greed” zone, it’s often a final push before the top.
Case in point – The $44k local top in late 2023, $73k in March 2024, and the $109k ATH last December, all coincided with the index hitting its upper threshold.
But now? Even after tagging $111k, we haven’t hit that same green-band sentiment peak. That divergence is key. It tells us market participants aren’t fully euphoric yet. And in bull cycles, that’s rocket fuel.
Source: CoinMarketCap
No wonder Bitcoin’s structure has been holding firm. The glue? FOMO on unrealized upside. However, if BTC stalls too long here, holders sitting on profits may rush to exit and lock in gains before momentum fades.
That’s why all eyes are on Binance whale behavior. In fact, the Whale Activity Score, which tracks inflows and outflows from Binance’s top 10 whale wallets, has jumped sharply.
According to AMBCrypto, it’s a sign that big money is moving. And when it does, the market usually follows.
Binance becomes ground zero for whale positioning
CryptoQuant data flagged a notable shift – Bitcoin’s Exchange Whale Ratio (24-day SMA) has reverted to levels last seen before its all-time high.
For context – A hike in Exchange Whale Ratio indicates greater whale deposits to Binance, which often signals potential selling pressure.
Now, while it’s premature to declare a full-blown distribution phase, this metric is a critical pulse check. One that warrants close monitoring.
Source: CryptoQuant
If whales don’t pivot quickly towards meaningful off-exchange accumulation, Bitcoin’s rally risks stalling in extended consolidation.
The clock is ticking. Without sustained buying pressure, the current FOMO-driven momentum could unravel, increasing the odds of a corrective pullback.
