- Bitcoin whale orders on Binance hit $1.96M average, signaling strong institutional accumulation near $108K price levels.
- Rising spot volumes and shrinking exchange reserves show whales quietly stacking BTC ahead of a possible breakout move.
- Liquidation zones around $109K to $110K reveal intense trader activity as volatility drives sharp short-term market swings.
A sharp rise in Bitcoin whale activity has taken over Binance’s spot market, signaling a major shift in market sentiment. According to data shared by Arab Chain via CryptoQuant, the average Bitcoin spot order on Binance surged to $1.96 million in October — one of the highest levels in months. This sudden rise points to strong institutional participation, suggesting that professional traders are quietly accumulating Bitcoin near current price levels around $108,000.
Institutional Players Dominate Binance Spot Market
The increase in large order sizes reflects growing confidence among institutional investors. CryptoQuant explained, “The steady rise in both average order size and total traded value suggests that professional participants view current price levels as an attractive entry point, possibly anticipating renewed upward momentum.” Besides, Binance’s total spot trading volume soared to $2.82 billion, showing massive capital inflows.
This pattern often appears during accumulation phases, where experienced traders build large positions before broader rallies. Therefore, increasing quantities combined with stable prices usually indicate that whales anticipate a post-halving cycle breakout.
The notion that capital is leaving exchanges for long-term storage is further supported by on-chain metrics that show diminishing exchange reserves and stronger long-term holding tendencies among significant Bitcoin addresses.
Liquidation Clusters Form Near $109,000
Meanwhile, data from TheKingfisher on X reveals heightened liquidation activity across major exchanges, especially on Binance. The largest liquidation cluster sits near $109,077, where long positions have built up significantly. A secondary cluster formed near $110,137, suggesting dense trading interest in that zone.
According to TheKingfisher, “For $BTC on Binance, it looks like there are a bunch of long positions sitting below the current price, right around 109077.8. Think of them like little magnets… they could totally pull the price down there.” The data also highlights shrinking short liquidations and a steady rise in long-side liquidations, confirming active speculative behavior within a volatile range between $105,000 and $113,000.
