Binance’s monthly Bitcoin (BTC) inflow fell to 5,700 BTC, less than half the 12,000 BTC average recorded since 2020, and under 25% of the 24,000 BTC that collided with the exchange during the FTX panic in late 2022, crypto analyst DarkFost was shared by A. June 24th Note.
DarkFost data showed that all material deposits in the current cycle coincided with peak local prices. Net inflow jumped above 17,000 BTC during the $69,000 revision last August, again surpassing 20,000 BTC when Bitcoin first printed six digits in March.
Each spike preceded the short-term pullback, reinforcing the role of vinanence as a venue for holders to convert potential sales intents into market supply.
In contrast, the latest 5,700 BTC reading has stable Bitcoin over $105,000, with volatility coming near the lowest prices since the start of the year. This figure is about 30% of the 13,200 BTC that Bitcoin first moved to Binance in December 2024 in the week that it first surpassed $100,000.
DarkFost argues that contractions indicate a “holding stage” in which both retailers and large cohorts maintain coins from exchanges and remove immediate sales pressure. Traders usually send Bitcoin in exchange when preparing for a sale. Falling sediment means few coins are ready for short-term liquidation.
Upside follow-throughs are easier when they are supplied to the purchase order while demand continues. Flagged in May When reporting “Vinance Sales Pressure Cooling” to $104,000 during Bitcoin’s rise.
Context within broader exchange behaviors
According to the block, Binance handed out its most important spot volume at the intensive venue, accounting for 37% of monthly centralized exchange trading volume this year. data.
As a result, the exchange’s deposit trends serve as a proxy for system-wide liquidation intent.
Analysts chose inflow rather than outflow to filter noise from a restricted or transferred linkage to a exchange wallet. While sales decisions require aggressive decisions to increase deposits, withdrawals may reflect storage preferences.
DarkFost smoothed out the series using monthly averages to weaken distortions from macroeconomic headlines, including the early June flare-up between Israel and Iran. Even after that adjustment, the most recent value marks the lowest inflow level observed on data over 4 years.
DarkFost warned that macro uncertainty and thin fluidity could still jar the price if the impact stimulates a new wave of sediment. He recommended tracking jumps towards a long-term 12,000 BTC average as a potential warning for the updated distribution.
