Binance Bitcoin Reserves Climb 16,000 BTC in a Month as ETF Outflows Top $1.2 Billion

Image Credit: Binance

Binance recorded net positive Bitcoin deposits for nearly 10 consecutive days, pushing the exchange’s BTC reserves up by roughly 16,000 BTC over the past month, according to data shared by on-chain analyst Darkfost. The inflow surge coincided with more than $1.2 billion in Bitcoin ETF outflows last week, as Bitcoin traded at $77,101, down 12% year-to-date.

Binance’s Weekly Average BTC Deposits More Than Tripled in Under 10 Days

According to Darkfost’s data, Binance’s weekly average of Bitcoin inflows rose from 378 BTC on May 16 to 1,190 BTC by May 25, representing a more than threefold increase in less than 10 days. The single largest spike occurred on May 18, when more than 3,600 BTC reportedly flowed into the exchange in one day. 

Over the full month, Binance’s BTC reserves climbed from approximately 616,000 BTC on April 24 to around 632,000 BTC on May 25. Darkfost said rising exchange inflows are “often read as a potential sell signal.”

Bitcoin ETFs Recorded More Than $1.2 Billion in Outflows Last Week

Sosovalue data shows that more than $1.2 billion exited Bitcoin ETFs over the past week, with May posting a net outflow of $1 billion. Sosovalue data also showed that ETF holdings had nearly recovered from the sell-off that began in November 2024 before last week’s withdrawals reversed that trend. Last week’s withdrawals marked the most recent period of net outflows recorded by Sosovalue.

Bitcoin was trading at $77,101 at the time of publication, marginally higher over the prior 24 hours. The asset’s seven-day index turned positive, though it remains down 12% year-to-date after dipping to approximately $74,000 before reclaiming the $77,000 level. The broader market capitalization stood at approximately $2.57 trillion with a 24-hour trading volume of $60 billion at the time of publication.

Alphractal Data Shows Strongest Whale Accumulation Signal Since November 2024

On-chain analytics firm Alphractal reported that its “Whale vs Retail Delta” metric printed its strongest positive divergence since November 2024, a period it associated with large accumulation signals entering the market. 

Alphractal separately noted that wallets holding more than 1,000 BTC had added approximately 47,000 BTC over the prior two weeks. An on-chain analyst also flagged a dormant wallet from 2013 that moved 500 BTC during the period, according to Lookonchain.

Strategy Added 24,869 BTC Worth $2 Billion Last Week

Strategy, the publicly traded firm known for its Bitcoin treasury strategy, added another 24,869 BTC worth approximately $2 billion in a purchase last week, according to Cryptopolitan. Strategy’s average purchase price stands at approximately $80,985 per Bitcoin. Alphractal’s analysis identified a divergence between retail and whale positioning.