Exchange Inflow Value (7-day cumulative) data, showing the combined flow of Bitcoin and Ethereum to exchanges, reveals a clear divergence in liquidity behavior between Coinbase and Binance across the two observed periods.
On November 24, Bitcoin was priced at $88,438. At that time, Coinbase recorded seven-day cumulative inflows of $21.026 billion, while Binance saw inflows of approximately $15.279 billion. These figures reflect a relatively high level of liquidity entering exchanges, despite prices trading at lower levels compared to earlier periods. This suggests notable activity related to repositioning or transferring assets to exchanges during that time.
By December 21, Bitcoin’s price had edged slightly higher to $88,635, remaining within roughly the same price range. However, flow dynamics had shifted markedly. Coinbase’s inflows dropped sharply to just $7.763 billion over seven days, representing a decline of nearly 63% compared to November 24. In contrast, Binance recorded inflows of $10.259 billion, indicating a less severe contraction relative to Coinbase.
This divergence highlights a substantial reduction in overall market liquidity over the course of a single month, without a meaningful change in price levels. Such a pronounced decline in inflows points to a slowdown in the pace at which assets are being sent to exchanges, suggesting reduced selling intent or weaker short-term trading activity. Moreover, Binance’s higher inflow value compared to Coinbase in December implies a relative shift in market activity toward a platform more closely associated with active trading and position management.
Overall, the data shows that by December the market had become less reliant on new inflows despite stable prices, reflecting a period of tighter liquidity and more subdued buying and selling activity compared to late November.
Written by Arab Chain
