CryptoOnchain2025-09-29

Binance BTC Sender/Receiver Ratio Hits Lowest Since Early 2024 — Accumulation Signal Emerging

Since the beginning of 2024, the 1‑month moving average of the Bitcoin sender‑to‑receiver address ratio on Binance has now reached its lowest level. This metric, typically used as an indicator of network behavior, suggests that the current drop reflects a decline in sender activity relative to receiver activity. When this ratio decreases, it often indicates an increase in accumulation behavior and a reduction in selling pressure from users, as receivers generally tend to hold onto assets. This decline may signal a shift in market sentiment toward anticipation of growth or stabilization, particularly in a phase where the market has entered a calmer period after recent volatility. Historically, higher levels of this ratio often coincided with price peaks, so the current drop could represent a preparatory stage for the next price movement. However, from a trading perspective, it is important to combine this data with exchange inflow/outflow and volume in order to confirm whether the ratio’s decline truly reflects reduced selling pressure, rather than simply lower overall activity.