Binance Whale Inflows Collapse While Retail Investors Continue Selling Bitcoin

Large Bitcoin holders are moving fewer coins onto Binance, suggesting strong holding behavior and reduced sell pressure.

  • Wholecoiner inflows into Binance have sharply declined since late 2024.
  • The yearly average of BTC inflows from wholecoiners is around 6.5K BTC, the lowest since 2018.
  • Large holders with at least 1 BTC are becoming long-term holders, often seen as a bullish signal.
  • Less BTC on exchanges reduces liquid supply, potentially boosting investor confidence.
  • Michael Saylor's strategy indicates preparations for another Bitcoin purchase, with his company already holding 660,624 BTC.

Retail Activity

  • Retail investors have been depositing BTC into Binance, indicating potential selloff pressure.
  • Data shows a net inflow of 1,208 BTC into leading CEXs over the past 24 hours, pushing the market into volatility.
  • The price of Bitcoin has fluctuated between $88,000 and $90,000 in the past day, currently at $89,500.
  • Overall, CEXs recorded a net outflow of 50,927 BTC over the last 30 days, signaling accumulation.
  • Total BTC on exchanges dropped from 3.44 million to 2.49 million recently.

If the trend of declining wholecoiner inflows continues, it may support Bitcoin prices and the broader crypto market long-term.