Whale resumes BTC buying after 8-month pause
Bitcoin (BTC)
Editor:
Eugene Serbin
lookonchain.com reports that a crypto whale has returned to buying Bitcoin following an eight-month absence from the market. The investor previously liquidated 50,600 ETH at an average price of $2,921 late last year, securing approximately $19.02 million in profits. After this hiatus, the whale swapped $14.2 million in USDC for 179.8 BTC via THORChain at an average cost of $78,955.
The entity remains active in the market, currently holding roughly $74.32 million in USDC. Jiang Zhuoer suggests that Bitcoin may first rally to $84,000 before experiencing a pullback to $72,000. On-chain profit structures indicate the market is nearing the early stages of a bull cycle, though downside risks persist.
Other notable movements include a $PEPE whale transferring 2.1 trillion tokens worth $52 million after 600 days of dormancy. Additionally, a trader capitalized on Binance's new listings to profit $448,000. OpenAI has partnered with Samsung on next-generation chip R&D, while Anthropic seeks investment-grade ratings ahead of its IPO. The OTC market cap for Anthropic is currently quoted at $2.327 trillion.
How the market reacted
Whalio's own Binance spot order flow for BTC, measured when this story was written up on 9 September 2026. Not the outlet's figures.
Bitcoin is trading at $78,455.80, with the one-hour buy ratio at 53.7% indicating immediate buying pressure. This contrasts with the four-hour buy ratio of 49.1%, suggesting that recent momentum is stronger than the broader short-term trend. However, the 24-hour buy ratio drops to 44.4%, showing that buying interest has faded over the full day. The one-hour volume delta is positive at $2,466,829, meaning more money is flowing into buys than sells in the short term. Conversely, the 24-hour volume delta is -$168,399,753, reflecting a net outflow of capital over the last day. The cumulative volume delta for the day closed at -$105,110,458, confirming that sellers dominated the session despite the recent spike in activity.
The latest daily buy ratio of 46.7% sits at the 18th percentile of the last 322 days, against a median of 49.2% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for BTC, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.7%, making today's 24-hour reading of 44.4% a decline of 5.3 percentage points. Trading volume for the day was 1.41 times the weekly average, indicating unusually high activity. Net buying occurred on only 3 of the past 7 days, with a total volume delta of -$140,817,713. This compares to today's 24-hour volume delta of -$168,399,753, showing that selling pressure intensified today relative to the weekly norm. The price changed by +1.3% over the eight-day period, suggesting stability despite the volume fluctuations.