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- The Binance whale ratio has jumped 800% in two years, showing the rising influence of big investors.
- Whales are holding and accumulating Bitcoin despite volatile markets.
- Latin America’s crypto volume hits $16.2B in 2025, driven by stablecoin demand.
Over the last two years, a dramatic shift has unfolded across Binance. The exchange’s whale ratio, a metric that tracks the proportion of Bitcoin inflows from large holders, has surged by 800%. In mid-2023, it stood at just 0.08. By mid-2025, that figure has risen to 0.76.
Observations of this pattern indicate that whales are now much more dynamic, altering the way Bitcoin moves across key markets. In contrast to earlier cycles, this increase in the whale activity in the recent past did not trigger any significant sell-offs. Big investors seem to be buying Bitcoin rather than selling off what they have already acquired. With price volatility and overall market sentiment, whales are holding their positions at current levels also.
Their approach is an attempt to express a sentiment of careful optimism and confidence that can be preserved for the next couple of months financially in Bitcoin. This fact is often evident in actions done by retail investors. As whales keep and even accumulate their positions, gradually, smaller players become more bullish. Although this structure doesn’t promise a price growth, it reveals rather positive expectations from different market participants in the future perspective system.
Binance Expands Market Share in Latin America
Whales are long-term holders of digital assets and their patient approach to investment contrasts deeply with the quick and speculative nature of crypto investors. Latin America is experiencing another story in its growing importance in this industry, specifically in Binance. From January to May 2025, cryptocurrency trading just in Latin America reached US$16.2 billion. This figure was 42% higher than that for the corresponding month last year.
Nine out of ten coconut imports came from the United States and ninety percent of all registered imports were sent by one country alone, Brazil. The major cause for this increasing rate is stablecoins’ demand. Because local currencies have problems with inflation and devaluation, many users start using dollar-pegged cryptocurrencies. Nowadays, stablecoins comprise almost 51% of overall cryptocurrency operations in the region.
Binance has been able to grow with the help of these features. A huge liquidity, easy-to-use trading tools, and fast execution draw new users into its platform from local platforms. Bitso and Mercado Bitcoin exchanges are losing their positions in the market while Binance is rising.
Signals Point to a New Crypto Phase
The crypto landscape continues to advance. The accumulation among the whales, preference for stablecoins, and growth of regional markets tell us that a change is being prepared. Investors, in turbulent times, are not running to exit at all. Instead, they are building positions slowly, especially in Bitcoin. In Latin America, where adoption has been on the rise, there is a hint of a broader global acceptance.
Much of this activity is being supported by stablecoins, which are acting as the bridge between fiat and digital assets. The one that stays in the middle of both trends and continues to shape the market behavior is Binance. If accumulation continues and demand does not weaken, then in my opinion we may not have that much time to wait for one more step in crypto future.
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