Crypto inflows to Binance have increased sharply in recent days, yet on-chain data suggests that buying demand has yet to follow. According to analytics firm CryptoOnchain, large holders are moving significant amounts of cryptocurrencies to the exchange, a pattern often associated with potential selling pressure rather than accumulation.
Bitcoin Inflows to Binance are Increasingly Whale-Sized
“A 34x increase in the average size of each deposit. This metric reflects the average BTC per inflow transaction, signaling that larger holders are now more active on Binance.” – By @JA_Maartun pic.twitter.com/SkpgMUG8vP
— CryptoQuant.com (@cryptoquant_com) January 4, 2026
Whale Deposits Rise as Buyer Interest Stalls
Over the past week, crypto whales transferred approximately $2.4 billion worth of Bitcoin and Ethereum to Binance, with the inflows split almost evenly between the two assets. This represents the largest net monthly inflow recorded on the exchange in recent months.
Despite the scale of these transfers, CryptoOnchain reports a notable lack of buying power. The surge in asset deposits has not been matched by fresh capital entering the market. Stablecoin inflows remain largely flat, totaling just $42 million, most of which stemmed from internal movements between the Ethereum and Tron networks rather than new demand.
Historically, large transfers from private wallets to centralized exchanges are often interpreted as preparation for asset sales or the use of crypto holdings as collateral in derivatives markets.
Bitcoin Accumulation Slows as Exchange Deposits Grow
CryptoOnchain also highlights a developing bearish signal: Bitcoin accumulation has effectively stalled since October, while the average size of deposits sent to Binance has increased significantly.
The mean size of inbound transactions has jumped from fewer than 10 BTC to more than 20 BTC, indicating that whales are now moving substantially larger amounts onto the exchange. In contrast, withdrawal activity shows the opposite trend.
The Exchange Outflow Mean remains confined to a relatively low range between 5.5 BTC and 8.3 BTC, signaling reduced long-term storage and weaker accumulation behavior among large holders.
This divergence suggests growing sell-side pressure and waning confidence in long-term holding strategies, factors that could weigh on Bitcoin’s price in the short to medium term.
Market Holds Steady Despite Warning Signals
Despite these on-chain warning signs, Bitcoin is showing short-term resilience. The asset is currently trading around $92,600, up 1.3% on the day, after briefly peaking at $93,170 as markets gradually regain activity following the holiday period.
While price action remains relatively stable for now, analysts caution that sustained selling pressure from large holders, combined with weak inflows of fresh capita, —could challenge the market’s ability to maintain its recent momentum.
