Bitcoin wavers on Binance inflows from OG whale

• Lyla Velez
• February 15, 2026
• News
• 0 Comments

Key Points:

• Markets view exchange deposits as sell pressure, increasing tradable BTC supply.
• On-chain deposits aren’t trades; could be address rotation, custody consolidation, rebalancing.
• Selling intent is confirmed only when orders execute into the order book.

When a legacy Bitcoin holder shifts coins to a centralized exchange like Binance, markets often read it as potential sell pressure. Exchange deposits raise the tradable supply and can weigh on price if liquidity is thin.

But an on-chain deposit is not a trade. Such transfers can reflect address rotation, custody consolidation, or portfolio rebalancing, according to Arkham. Intent is only confirmed if coins are actually executed into the order book.

What we know about this whale activity now

As reported by AInvest, a whale moved 10,900 BTC to Binance over three days in February 2026. The size is material, but on-chain data alone does not reveal whether the BTC was sold, hedged, or simply relocated.

In practice, analysts watch exchange reserves, net flows, order‑book depth, spot versus perpetual basis, and funding rates after large deposits. Without corresponding fills or outflows, conclusions about imminent selling remain provisional.

Market structure context from CryptoQuant and Ki Young Ju

“The traditional Bitcoin cycle theory is dead,” said Ki Young Ju, CEO of CryptoQuant. He has argued that older whales are increasingly distributing to institutions and long‑term holders, changing how large exchange inflows affect price.

In this structure, sizeable deposits can coincide with rebalancing or staged execution rather than immediate liquidation. Even so, such events can raise short‑term uncertainty and volatility until the market digests the flows.

Taken together, an OG whale sending BTC to Binance may indicate preparation to trade, not a guarantee of selling. Ongoing order‑book activity and netflows are needed to validate bearish or neutral interpretations.