Whales have been depositing large amounts of Bitcoin (BTC) to Binance, reaching a three-month high. This is seen as a predictor of a market shift. Whales are cashing out some of their holdings for short-term gains, with $6.64 billion deposited in BTC to Binance in the past month. The recent market moves show that overall holding behaviors offer support, but whales are always ready to take profits. BTC remains scarce in the long run, but there are enough coins to sway the market. The derivative market is also affected by whale inflows, leading to predominantly long liquidations. The recent behavior of whales on Bitfinex suggests the market may be turning for BTC. Despite the inflows, BTC remains scarce in terms of large-scale reserves. The Bitcoin Fear and Greed index is slowly recovering, indicating a more optimistic period for the market. BTC is expected to range between $80,000 and $100,000 in the short term, allowing for strategic trading opportunities.



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