Binance Sees Record-Low Bitcoin Inflows Amid Market Uncertainty

CryptoQuant data shows that mid-size wallet inflows to Binance have declined significantly in recent days, reaching their lowest level since 2023. This trend suggests that there may be a reduction in sell-side activity from active traders and smaller institutions.

According to CryptoQuant, the seven-day average Bitcoin inflows from mid-size wallets into Binance have dropped to around 3,000-4,000 BTC. This is a notable decrease from the usual deposits observed during April to May 2023, which ranged from 5,500 to 6,000 BTC.

While this reduction in inflow levels may indicate less immediate sell pressure on the market, it's essential to note that inflows alone do not necessarily translate into active selling. Furthermore, the chart shows no comparable surge from retail participants (1-100 BTC) either, with smaller wallets contributing limited inflows of less than 300 BTC on Tuesday.