Darkfost2026-03-18

Bitcoin inflows collapse to 2020 record lows on binance

The 30-day moving average of Bitcoin inflows to Binance has just reached the lowest level ever recorded since 2020. With around 4,900 BTC sent to Binance on average per month, we are far below the historical average, which typically ranges between 10,000 and 15,000 BTC. This signals a clear reduction in potential selling pressure, but also suggests that investors may gradually be shifting toward more medium-term holding behavior. Periods like this have often coincided with the formation of market bottoms. It is worth noting that Binance currently represents roughly 20% of the total BTC reserves held on exchanges (excluding Chicago Mercantile Exchange and professional CeX platforms). Another observation is that fluctuations appear to be much smaller than during the 2021 cycle, which could indicate that BTC is becoming slightly less liquid and less volatile over time. One possible interpretation is that market participants are increasingly viewing Bitcoin as a store of value as time passes. Yet this remains somewhat paradoxical given the current environment. Rising geopolitical tensions and a deteriorating macroeconomic backdrop, particularly persistent inflation, are typically not favorable conditions for an asset like Bitcoin, which is still largely considered a risk asset. What if that perception is starting to change …