Retail BTC deposits to Binance at all-time low, says analyst

The volume of Bitcoin (BTC) flowing into Binance from retail investors has dropped to its lowest level since the exchange was founded, Wu Blockchain reported, citing an analysis by CryptoQuant analyst Darkfost. He noted that the daily average BTC inflow to the exchange from wallets holding less than one BTC is currently 329 BTC. This is a significant decrease from the daily average of approximately 2,690 BTC ($161.7 million) recorded during the 2021 bull market. Darkfost explained that the current market cycle has not seen the same influx of retail investors as in the past, suggesting that some may have moved to other assets, opted for indirect investment via spot BTC ETFs, or chosen long-term holding strategies.