CryptoQuant analyst Darkfost suggests that Bitcoin's recent downtrend may be coming to an end as selling pressure from large holders on Binance appears to be easing. This is indicated by a decline in Binance's BTC whale ratio, which measures the share of the top 10 inflows relative to total inflows. Additionally, on-chain data shows that whale holdings have been growing, with large holders purchasing almost 65,000 BTC in the last 30 days. This implies that current prices are seen as a favorable entry point by institutional investors. However, investor uncertainty remains high due to factors such as the U.S. government's strategic Bitcoin reserve, record outflows from Bitcoin ETFs, and macroeconomic worries. BitMEX co-founder Arthur Hayes predicts that Bitcoin could bottom around $70,000 before beginning its next rally, but a true recovery will require more than just crypto market dynamics. As of now, the declining whale ratio suggests that selling pressure is lessening and Bitcoin may be headed for a recovery.



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