The volume of cryptocurrency flowing into Binance has increased over the past week, but analysts say buyer demand has yet to materialize.
Large crypto holders, often referred to as whales, have been transferring sizable amounts of digital assets to Binance — a behavior typically linked to potential selling activity. However, market data suggests that corresponding buying pressure remains weak.
According to CryptoOnchain, whales deposited roughly $2.4 billion worth of crypto into Binance over the past seven days. The inflows were nearly evenly split between Bitcoin and Ether, marking the exchange’s largest net inflow in a month. Despite the scale of these transfers, analysts noted that “buying power is missing.”
CryptoOnchain explained that the spike in risk-asset deposits was not matched by fresh capital entering the market. Stablecoin flows remained largely unchanged, recording a modest net inflow of $42 million for the week. Most of that movement reflected internal transfers between the Ethereum and Tron networks rather than new capital deployment.
Data shared with CryptoQuant shows that Binance recorded weekly net inflows of $1.33 billion in Bitcoin and $1.07 billion in Ether. Historically, large wallet-to-exchange transfers often signal preparations for selling or the use of assets as collateral in derivatives trading.
Analysts also highlighted signs of weakening accumulation. CryptoOnchain previously reported that Bitcoin accumulation has stalled since October, while the average size of deposits to Binance has risen sharply. Average transaction sizes increased from roughly 8–10 Bitcoin to as much as 22–26 Bitcoin, indicating that whales are moving larger sums onto the exchange.
At the same time, outflows from Binance have slowed. The average size of withdrawal transactions has dropped significantly, with the Exchange Outflow Mean remaining in a suppressed range between 5.5 and 8.3 Bitcoin.
Taken together, the data suggests that large-scale accumulation and long-term storage by major holders have declined. CryptoOnchain described the trend as a clear warning sign, pointing to rising selling pressure and a reduced appetite for long-term holding among whales. This dynamic could weigh on price performance in the short to medium term.
Despite these concerns, Bitcoin posted a modest daily gain of 1.3%, trading near $92,600 after reaching a 24-hour high of $93,170 as market activity picked up following the holiday slowdown.
