BTC Reserves on Binance Have Been Recording Uninterrupted Net Inflows for the Past 10 Days! Here Are the Details

Darkfost, an analyst from the cryptocurrency analysis platform CryptoQuant, shared noteworthy data regarding Bitcoin movements on the Binance exchange. According to the analyst, $BTC reserves on Binance have been experiencing continuous net inflows for the past 10 days. This indicates that investors are transferring more Bitcoin to the exchange, potentially increasing selling pressure.

According to data published by Darkforth on the X platform, Binance’s average weekly Bitcoin inflow was 378 $BTC on May 16th. However, this figure quickly rose to 1,190 $BTC. Thus, the inflow volume more than tripled in just 10 days. In particular, the single-day inflow of over 3,600 $BTC recorded on May 18th stands out as one of the highest levels recorded recently.

The data also reveals a significant increase in Binance’s total Bitcoin reserves. Reserves, which stood at approximately 616,000 $BTC on April 24th, rose to 632,000 $BTC within a month. This added approximately 16,000 $BTC to the exchange’s coffers.

Analysts note that sustained Bitcoin inflows into major exchanges have historically been interpreted as a sell signal. This is because investors often move their assets to exchanges to realize profits, reduce risks, or switch to a more defensive portfolio strategy.

This activity is occurring at a time of increased geopolitical tensions affecting the global economy. Experts emphasize that risky assets, in particular, are becoming more sensitive to such macroeconomic pressures, and that the inflow trend in the Bitcoin market should be closely monitored.

*This is not investment advice.