Retail BTC inflows to Binance hit all-time low, says analyst

Bitcoin inflows to Binance from retail investors have plummeted to an all-time low, according to an analysis by on-chain analyst Darkfost. He noted that the average monthly inflow to the exchange from wallets holding under one BTC was just 314 BTC recently. This figure is significantly lower than the 1,800 BTC seen during the current cycle's bottom and the 1,200 BTC recorded in March 2024. For comparison, retail investor inflows were 5,400 BTC in 2018 and 2,600 BTC in 2021. The volume has dropped from around 1,000 BTC in January of this year to less than a third of that level. Darkfost suggested that some investors may have exited the market or are now participating indirectly through spot Bitcoin ETFs.