The latest data on net Bitcoin flows from exchanges reveals a clear imbalance shaping the current market. Over the past seven days, most major exchanges have recorded significant BTC outflows, a classic signal in the blockchain of accumulation. Only Kraken recorded more than 6,000 BTC in net outflows, with whale outflows exceeding 7,000 BTC. Coinbase Advanced, Bybit, OKX, and Bitfinex exhibit the same pattern, confirming that large holders are moving Bitcoin off exchanges despite prolonged price weakness.
Binance, however, tells a different story. While the broader exchange ecosystem is in accumulation mode, Binance reported about 1,900 BTC in net inflows, with net whale inflows exceeding 5,300 BTC. This is significant, as Binance is the largest liquidity hub for Bitcoin, where user and whale behavior often has a considerable impact on short-term price dynamics. When Bitcoin is deposited on Binance, even if other exchanges see outflows, the overall market strength may remain suppressed.
These data suggest that the current weakness in Bitcoin is not a result of widespread selling but rather driven by concentrated supply pressure on Binance. Historically, strong market conditions tend to occur when net flows on Binance turn negative, and whale activity shifts to accumulation. When this happens, accumulation trends on other exchanges usually align, reducing the available supply and supporting a healthier market structure.
Tracking Bitcoin flows on Binance and whale behavior, therefore, remains one of the most important indicators on the blockchain to understand when accumulation on various exchanges may lead to a broader market recovery.
News is for informational purposes only and not investment advice. Please read carefully before making decisions.
