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Over the Last 10 Days, BTC Reserves on Binance Have Shown Continuous Net Inflows
Darkfost, an analyst from the cryptocurrency analytics platform CryptoQuant, shared important data regarding Bitcoin movements on the Binance exchange. According to the analyst, Binance’s $BTC reserves have shown continuous net inflows over the past 10 days. This indicates that investors are transferring more Bitcoin to the exchange, potentially increasing selling pressure.
According to data published by Darkfost on the X platform, the average weekly Bitcoin inflow to Binance on May 16 was 378 $BTC. However, this figure quickly increased to 1,190 $BTC. As a result, the inflow volume more than tripled within just 10 days. In particular, the one-day inflow of more than 3,600 $BTC recorded on May 18 stands out as one of the highest levels registered in recent times.
The data also show a significant increase in Binance’s total Bitcoin reserves. The reserves, which stood at approximately 616,000 $BTC on April 24, rose to 632,000 $BTC within a month. This added approximately 16,000 $BTC to the exchange’s reserves.
Analysts note that sustained Bitcoin inflows to major exchanges have historically been interpreted as a sell signal. This is because investors often transfer their assets to exchanges in order to take profits, reduce risks, or move toward a more defensive portfolio strategy.
This activity is occurring amid increasing geopolitical tensions affecting the global economy. Experts emphasize that risk assets, particularly cryptocurrencies, are becoming more sensitive to such macroeconomic pressure and that the trend of inflows into the Bitcoin market should be monitored closely.
See also: "US Exchanges Criticised the SEC’s Plan for Tokenised Stocks"
