Binance BTC inflows offset by outflows, signaling long-term holding: analyst

Bitcoin inflows to Binance have continued, but outflows have remained at a similar scale and investors appear to be shifting toward long-term holding, on-chain analyst Xwin Research Japan said. Xwin Research Japan said large BTC deposits are generally interpreted as a sign of selling pressure, but net inflow data, which reflects both deposits and withdrawals, should also be considered when assessing market direction. Recently, even as BTC deposits to Binance have continued, withdrawals have offset most of them, suggesting incoming supply is either being absorbed by the market or moved back into long-term storage wallets. Xwin Research Japan said this indicates investors are using Binance as a source of liquidity while continuing to reduce exchange-held balances. In the short term, higher deposits could bring volatility, but overall selling pressure does not appear likely to persist. The analyst added that Binance flow data should be monitored alongside ETF fund flows, exchange reserves and stablecoin liquidity to judge whether the market is in an accumulation phase or a selling phase.