Analysis: Binance's 30-day net Bitcoin flow tends to balance, and large deposits have not translated into sustained selling pressure

According to analysis by XWIN Japan, CryptoQuant data shows that although there are occasional spikes in daily Bitcoin deposits, Binance's 30-day net flow tends to balance out, with withdrawals essentially offsetting deposits. This means that large deposits have not translated into sustained net inflows of funds—incoming BTC is either absorbed by market buying or withdrawn for long-term custody.

Analysts point out that neutral or negative net flows typically reflect holding behavior rather than a willingness to sell. Current data suggests that investors may be more inclined to use Binance for liquidity rather than preparing for large-scale sell-offs. Although short-term spikes in deposits may still lead to price volatility, the overall picture does not indicate sustained selling pressure.