In June 2025, Bitcoin inflows to Binance reached a historic low of 5,700 BTC, the lowest since early 2020, and less than half the four-year average.
Historical Context: From Panic Peaks to Post-Halving
The sharp decline in Bitcoin inflows to Binance has elicited mixed reactions from traders, as every previous increase during this cycle marked local tops. For instance, a record of 17,000 BTC was observed in August 2024, and more than 20,000 BTC in March 2025. While the Bitcoin price remains above $105,000, deposit volumes are at a low level, indicating a potential easing of sell pressure.
Expert Analysis: Insights on the Current Situation
CryptoQuant analyst Darkfost describes the current 5,700 BTC figure as a 'holding phase' where both retail and whale holders are hesitant to part with their assets. Axel Adler Jr. pointed out that the inflow/outflow ratio now resembles the late 2023 period preceding the surge to $100,000. He noted:
'Seizing inflows remove immediate sell pressure; once demand increases, liquidity can vanish quickly from the order book.'
Regulatory Climate and its Market Impact
Despite positive technical indicators, policy risks loom. Binance is under scrutiny in the EU over stablecoin compliance, and the U.S. Senate is debating stricter KYC rules for offshore exchanges. Sudden regulatory changes could disrupt current liquidity patterns, leading to swift sentiment shifts among traders.
The unpredictable nature of the cryptocurrency market continues to raise concerns among traders. Following the dynamics of reserves and regulatory developments is essential as they could significantly impact trading strategies and investment decisions.
