Throughout May, the market has seen a sharp increase in BTC inflows on exchanges, particularly on Binance.

Since May 16th, each day has been broadly dominated by BTC inflows on the platform. This marks a clear contrast with the dynamic established in March and April, when outflows dominated those periods.

Recently, some days have recorded between 2 000 and 3 000 BTC in net inflows. The weekly average has shifted from -2 500 BTC in April to +2 410 BTC now.

This suggests that the medium-term outlook remains negative for investors. Between Saylor selling 32 BTC, overall demand contracting, and the US/Iran conflict beginning to drag on despite positive communication from the Trump administration, some investors are choosing to step back from the crypto market for now.

Written by Darkfost