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Binance Observes Bitcoin’s $120K Rally Amid Whale Activity Decline

Binance Observes Bitcoin’s $120K Rally Amid Whale Activity Decline

Published:
2025-07-18 11:29:28
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Bitcoin's price surge to nearly $120,000 is under scrutiny as whale inflows to exchanges drop significantly, raising questions about the rally's sustainability. According to CryptoQuant data, large BTC transfers to exchanges have decreased by $2 billion, indicating a potential decline in institutional interest. Despite a 1.28% daily gain, technical indicators like the RSI above 71 suggest overbought conditions, casting doubt on the bullish momentum. Retail participation, however, continues to rise, creating an imbalance that could impact Bitcoin's near-term trajectory. As the market watches these developments, Binance remains a key platform for tracking these shifts in cryptocurrency dynamics.

Bitcoin Nears $120,000 as Whale Inflows Drop—Is the Rally in Trouble?

Bitcoin's rally faces scrutiny as whale activity dwindles and retail participation surges. CryptoQuant data reveals a $2 billion drop in large BTC transfers to exchanges, signaling waning institutional interest. The imbalance raises concerns about the sustainability of the current uptrend.

Despite trading at $120,150—a 1.28% daily gain—technical indicators show cracks in the bullish facade. The RSI above 71 flashes overbought signals while momentum begins fading. Market stability now hinges on whether whales return to counterbalance growing retail inflows.

Binance emerges as the focal point of this divergence, with retail volumes climbing as institutional players retreat. Such disproportionate participation historically precedes volatility, suggesting Bitcoin's foundation may be weaker than price action indicates.

Caldera ERA Token Surges 85% Post-Listing as Ethereum and XRP Rally

The Caldera ERA token has skyrocketed 85% following its listing on major exchanges, including Binance, fueled by a massive airdrop and growing demand for its rollup-as-a-service (RaaS) platform targeting ethereum and BNB Chain. Meanwhile, Bitcoin holds above $120,000, while Ethereum and XRP post double-digit gains—17% and 36% weekly, respectively.

Market sentiment remains bullish as ERA stabilizes above $1.50, with technical indicators suggesting a potential push toward $2. The rally coincides with legislative tailwinds, including the GENIUS Act's success and the CLARITY Act's advancement to the Senate.

Caldera's multichain infrastructure project, ERA7, is drawing investor attention amid broader crypto market momentum, outperforming even some top Solana meme coins.

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