Binance has recorded net positive Bitcoin deposits for nearly 10 consecutive days. This has added new pressures to a market already struggling with geopolitical uncertainty and weak demand for ETFs.
The global cryptocurrency market has witnessed a marginal recovery after witnessing a widespread sell-off at the end of last week. Its cumulative cap is around $2.57 trillion with a 24-hour trading volume of $60 billion. Bitcoin managed to reclaim the $77,000 mark after falling to $74,000 levels.
More than 16,000 BTC are flowing to Binance
according to Data The weekly average inflows to Binance, shared by Darkfost, jumped from 378 BTC on May 16 to reach 1,190 BTC by May 25. This represents a more than three-fold increase in less than 10 days. However, one of the biggest spikes came on May 18 when more than 3,600 BTC flowed into Binance in a single day.
This has led to Bitcoin reserves on the exchange rising sharply over the past month. She added that Binance’s BTC reserves rebounded from around 616,000 BTC on April 24 to around 632,000 BTC on May 25. It turns out that nearly 16,000 BTC flowed into the exchange in just one month.
Binane’s inflow trend looks worrying as exchange inflows are traditionally seen as a potential sell signal. This suggests that stockholders may want to take exposure or reposition defensively during unstable market conditions.
Bitcoin price It has risen slightly over the past 24 hours. The 7-day index has finally turned green while still down 12% since the beginning of the year. Bitcoin is trading at $77,101 at press time. Analysts are now warning that Bitcoin’s recent recovery may lose one of its strongest sources of support.
Just weeks ago, Bitcoin ETF holdings had nearly recovered from the massive sell-off that began in November. The recent outflow appears to reverse this trend. Sosovalue data shows that more than $1.2 billion fled Bitcoin ETFs over the past week. So far, May has recorded outflows of $1 billion.
Traders are now watching whether ETF flows will stabilize again. The situation could be worrying if outflows continue next week.
Is the smart money buying the dip?
Alphractal reported that its “Whale vs Retail Delta” metric got a huge signal. It recorded the strongest positive divergence since November 2024. This comes when some significant accumulation signals have reached the market.
Cryptopolitan I mentioned This strategy is still going for a long time on Bitcoin. In a new purchase, it added another 24,869 bitcoins (about $2 billion) to its bag last week. The average purchase price of the strategy is approximately $80,985.
The Sleeping Whale Wallet dating back to 2013 is back in action. She reportedly transferred 500 bitcoins about 12 years later. Alphractal mentioned in a post that wallets holding more than 1,000 bitcoins were on a buying spree. They have added around 47,000 BTC over the past two weeks.
The Cryptocurrency Fear and Greed Index reads 28. The retail sector is panicking. Meanwhile, the whale’s delta versus retail recorded its highest positive divergence since November 2024.
Here’s what we see in reality:
The strategy added 24,869 BTC ($2.01 billion) last week for an average of $80,985. 2013 asleep… pic.twitter.com/F5LenpLWh8
— Fractal (@fractal) May 24, 2026
The analyst believes that there is a gap between the fearsome retail centers and the accumulation of whales. However, it may become important if macro conditions stabilize. Right now, the market is still stuck between two competing signals.
On the one hand, stock market inflows rise while ETF outflows grow. However, the weak sentiment still points towards a defensive positioning. On the other hand, whales and long-term holders are making big moves. Big players may still be treating the current weakness as a buying opportunity.
