Large crypto holders have moved billions of dollars’ worth of digital assets onto Binance over the past week, a pattern analysts often associate with preparation for selling, even as signs of fresh buying demand remain limited.
Key Takeaways:
- Crypto whales moved about $2.4 billion in Bitcoin and Ether onto Binance, marking the exchange’s largest net inflow in a month.
- Stablecoin flows remained flat, signaling weak buying power despite the surge in whale deposits.
- Slowing accumulation and reduced withdrawals suggest growing selling pressure and fading long-term holding.
According to on-chain data cited by CryptoOnchain, so-called whales deposited roughly $2.4 billion to Binance, split almost evenly between Bitcoin and Ether.
The inflows mark the exchange’s largest net deposit total in about a month, with $1.33 billion in Bitcoin and $1.07 billion in Ether added over the period.
Whale Inflows Rise as Stablecoin Buying Power Stalls
However, analysts noted a key imbalance. “Crucially, this surge in risk-asset deposits was not accompanied by new buying power,” CryptoOnchain said, pointing to stablecoin net flows that were largely flat at around $42 million for the week.
Most of those movements reflected transfers between the Ethereum and Tron blockchains rather than fresh capital entering the market.
Large transfers from private wallets to exchanges are typically interpreted as either positioning for spot selling or the use of assets as collateral in derivatives markets.
In this case, the absence of strong stablecoin inflows suggests limited capacity for sustained buying pressure.
Additional metrics point to a broader slowdown in accumulation. CryptoOnchain said Bitcoin accumulation has stalled since October, while the average size of deposits to Binance has risen sharply.
Average transaction sizes flowing onto the exchange jumped from roughly eight to 10 BTC earlier in the year to between 22 and 26 BTC recently, indicating that large holders are moving “substantial amounts” of Bitcoin onto the platform.
At the same time, outflows from Binance have weakened. The average size of withdrawal transactions has dropped into what analysts described as a “suppressed range,” with exchange outflow means fluctuating between 5.5 and 8.3 BTC.
That trend suggests fewer coins are being pulled into cold storage, a behavior often linked to long-term holding.
“In other words, large-scale accumulation and the movement of Bitcoin into cold storage by major holders have drastically decreased,” CryptoOnchain said.
The firm described the combination of rising inflows, muted outflows, and flat stablecoin demand as a warning sign that selling pressure could build.
Bitcoin Seen Entering Accumulation Phase in Early 2026
Analyst Linh Tran believes Bitcoin entered a corrective phase in late 2025 after peaking near $126,000 and falling roughly 35% to around $80,000.
In a note shared with Cryptonews.com, she said this pullback reflects a structural shift in the market, with Bitcoin now driven less by retail speculation and more by macroeconomic conditions, institutional flows, and regulatory developments.
Meanwhile, Abra CEO Bill Barhydt believes Bitcoin could benefit in 2026 as easing monetary policy injects fresh liquidity into global markets, reviving risk appetite after a prolonged period of tight financial conditions.
Barhydt said the US central bank is already laying the groundwork for looser policy.
He pointed to early signs of renewed balance sheet support, describing the current environment as “quantitative easing light,” with the Federal Reserve stepping in to support demand for government debt.
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