Bitcoin exchange inflows have been increasing for over a month, and the latest BTC price drawdown has made nervous sellers double down.Listen4:25
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Key points:
- Bitcoin speculators join whales in sending BTC to exchanges, with price then dipping below $112,000.
- Analysis warns that continued whale selling could spark a deeper, longer BTC price correction.
- Exchange order-book activity shows large-scale market exiting, but Bitcoin is attempting to reclaim $114,000.
Bitcoin
hodlers are selling across the board as BTC price action dips below $112,000, data suggests.
Numbers from onchain analytics platform CryptoQuant show both newer investors and whales sending coins to exchanges.
Bitcoin whales, short-term holders hit exchanges
Bitcoin hitting new three-week lows Sunday has done nothing to steady hodlers’ nerves, and exchange flows show a rush for the exit.
CryptoQuant reveals that the amount sent to exchanges at a loss by short-term holders (STHs) in 24 hours passed 40,000 BTC on Aug. 1.
This was the most since July 15, with contributing analyst J. A. Maartunn describing STHs as “bleeding BTC.”
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Aug. 1 saw a considerable spike in overall exchange activity, with CryptoQuant putting the day’s overall tally as a net inflow of 16,417 BTC.
“Conversely, the Exchange Whale Ratio indicator rose to levels exceeding 0.70 meaning that most of these deposits were from whales,” fellow contributor Arab Chain noted in a “Quicktake” blog post Saturday.
“When large deposits coincide with whales dominating these deposits, the market typically enters a phase of selling pressure and rapid decline. If whales continue to deposit Bitcoin to exchanges at the same pace, further pressure on the Bitcoin price is expected.”
The latest spike in exchange inflows compounds a trend in place since early July, when BTC/USD broke through $110,000 for the first time.
“Since early July, the monthly average of BTC inflows to Binance has been steadily rising again. Daily inflows have increased from around 5 300 BTC to 7 000 BTC today, marking a consistent uptick over the past month,” a further “Quicktake” post from contributor Darkfost commented.
“While this rise isn’t particularly sharp yet, it ends a prolonged downtrend, which had been in place since March, suggesting a shift in investor behavior.”
Trader: Weekend BTC price action unusual
As Cointelegraph reported, the sell-off and de-risking event extended beyond private investors to the institutional sphere.
Outflows from the US spot Bitcoin exchange-traded funds (ETFs) totaled $812 million for Aug. 1, the second-highest daily drawdown on record.
Analyzing exchange order-book composition, popular trader and analyst Skew spied a large-volume market participant attempting to exit.
“Very sizeable quoting like this on a weekend spells out that a very large player needed to bail out of risk before Sunday – next week,” he told X followers Saturday amid “not your average weekend price action.”
“Since weekends are often more illiquid and have wider spreads, this means a desk would have to quote sufficient liquidity to facilitate a large client selling off that risk without causing the market to slip.”
BTC/USD circled $114,000 at the time of writing, per data from Cointelegraph Markets Pro and TradingView, up 1.3% on the day.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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Citigroup, JP Morgan, Goldman Sachs lead TradFi’s blockchain charge: Ripple
TradFi giants made 345 blockchain investments between 2020–2024, with G-SIBs leading 100+ deals across tokenization, custody and payments.Listen3:23
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Citigroup, JPMorgan Chase, Goldman Sachs and Japan’s SBI Group have emerged as the most active players in traditional finance backing blockchain startups, according to a new report by Ripple in partnership with CB Insights and the UK Centre for Blockchain Technologies.
Between 2020 and 2024, global banks participated in 345 investments in blockchain companies, most of them in early-stage funding rounds, per the report. Citigroup and Goldman Sachs led the pack with 18 deals each, while JP Morgan and Mitsubishi UFJ followed closely with 15 investments.
Mega-rounds, deals worth $100 million or more, were a key focus. Banks contributed to 33 such rounds during the four-year window, pouring capital into firms focused on trading infrastructure, tokenization, custody, and payment solutions.
Notable examples include CloudWalk in Brazil, which raised over $750 million across two rounds backed by Banco Itaú and others. Likewise, Solaris in Germany secured over $100 million from SBI Group and later became a majority acquisition target.
G-SIBs back blockchain with 100+ deals
Global Systemically Important Banks (G-SIBs), a group of financial institutions with such significant economic weight that their failure could trigger global financial instability, accounted for 106 deals, including 14 mega-rounds valued at over $100 million each.
US and Japanese institutions led in deal volume, but Singapore, France, and the UK were also active. In total, over $100 billion was poured into blockchain startups between 2020 and 2024 across more than 10,000 deals globally.
Ripple’s survey of over 1,800 global finance leaders also found that 90% believe blockchain and digital assets will have a “significant or massive” impact on the industry within three years.
The momentum is also supported by regulatory developments, including the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, in the US and Markets in Crypto-Assets (MiCA) in the EU, both of which provide a clearer framework for digital asset operations.
Banks back stablecoins, tokenization next
Backing the investment trend is soaring demand for real-world blockchain applications. According to a Citi report, stablecoin volumes hit $650–$700 billion per month in Q1 2025, and more banks are launching their own stablecoins to offer programmable money without exposure to volatility.
https://www.buzzsprout.com/2040516/episodes/17597862-stablecoin-boom-the-genius-act-s-ripple-effects-worldwide?client_source=small_player&iframe=true&referrer=https://www.buzzsprout.com/2040516/17597862.js?container_id=buzzsprout-player-2040516-17597862&player=small
Looking ahead, tokenization is expected to be a defining trend. Boston Consulting Group and Ripple estimate that tokenized real-world assets could exceed $18 trillion by 2033, with a compound annual growth rate of 53%.
