The amount of BTC flowing into Binance is decreasing at a record rate
Considering data from 2020 onwards, the average monthly BTC inflow into Binance is about 12,000 BTC
However, in recent times, even when Bitcoin trades above $105k, the monthly BTC inflow has dropped to only 5,700 BTC, a record low
To understand the context, let's compare it with the collapse of FTX at the end of 2022, where the monthly inflow into Binance surged to about 24,000 BTC, reflecting panic and widespread selling
Therefore, the sharp decline in BTC inflow indicates that the market has shifted to a holding phase, with selling pressure easing, leading to short-term price increases.
