According to CryptoQuant analyst Woominkyu, on April 27th, Bitcoin's net inflow to CEXs surged to 9,905 BTC, setting the largest single-day net inflow record in the past 30 days, which also caused Bitcoin's price to fail to effectively break through the resistance level.



Woominkyu stated that the most concerning signal is the CEX Whale Ratio, which soared to 0.707 on April 27th, the highest reading in over a week. This indicates that over 70% of all deposit volume comes from the top 10 inflow transactions—clearly showing that large holders are actively transferring tokens to CEXs, likely preparing for distribution.

Woominkyu believes that the surge in whale-led inflows combined with rising CEX reserves suggests that smart money is preparing to sell on rallies. Unless this inflow is quickly absorbed, the likelihood of retesting the $74,000 to $75,000 support zone in the short term is significantly increasing.
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