Binance Exchange Inflows Reveal Shift Toward Whale Activity, CryptoQuant Data Shows
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A new analysis from CryptoQuant highlights a notable change in trading behavior on Binance, with on-chain data showing a clear shift from retail-driven deposits to whale-sized inflows.
The platform’s Binance Exchange Inflow (Mean, MA7) metric – which measures the average deposit size – indicates that whales are increasingly active.
Currently, the 7-day average inflow is 13.5 BTC per transaction, a sharp rise compared to early 2024 levels of just 0.8 BTC.
Traditionally, Binance has been viewed as a retail-heavy exchange. However, this latest surge suggests that institutional players and large holders now dominate inflow activity. Since February, mean deposits have grown exponentially, pushing the metric to its highest levels on record.
Analysts say the trend makes sense. Binance remains the world’s largest crypto exchange by volume, giving whales the deep liquidity they need to execute massive trades without excessive slippage.
With Bitcoin trading above $112,000, whale inflows may become an increasingly important factor in market dynamics heading into the next cycle.
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