Bitcoin and the broader cryptocurrency market are anticipating a potential upside due to declining exchange flows.
Bitcoin BTC $86 966 24h volatility: 0.8% Market cap: $1.74 T Vol. 24h: $49.95 B whales and retail investors have slowed down their inflows into Binance, the largest crypto exchange by trading volume.
According to a CryptoQuant analysis, BTC inflows into Binance from whales and retail are at one of their lowest points since 2024. This means investors are expected to keep holding their BTC instead of selling their digital assets at this point.
The analysis shows that both large and small Bitcoin holders are making similar movements. This usually hints at strong market confidence and imminent growth.
According to data from CryptoQuant, Binance’s Bitcoin inflows rose when the crypto market overheated. This consequently led to market-wide corrections, with the BTC price falling to $80,000 in March.
Current low inflows suggest investors are waiting for clearer signals, especially macroeconomic news and trends.
Already Bullish
Bitcoin and Ethereum ETH $2 845 24h volatility: 2.8% Market cap: $342.79 B Vol. 24h: $27.52 B , along with most of the major altcoins, are seeing upward momentum.
Bitcoin is up 1.4% to nearly $107,000. Ethereum gained 3.8% and is trading at $2,625. The global crypto market cap increased by 1.6% to $3.33 trillion, according to data from CoinMarketCap.
Due to the current rise, the total amount of crypto liquidations increased 80% to $262 million, according to CoinGlass. ETH saw $52 million, and Bitcoin recorded $30 million in 24-hour liquidations.
With the latest holding pattern, investors show belief in Bitcoin’s long-term strength, which could lead to a slow and steady bullish momentum. This growing confidence is also reflected in the rising popularity of no KYC casinos, where users seek greater privacy and faster access to crypto gaming.
However, the current macro situation, with the tension rising in the Middle East, might bring a short-term correction to the crypto market due to the high impact of the war.
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