Binance BTC inflows surge, signaling potential for further correction

A surge in Bitcoin deposits to Binance in recent days signals the potential for a further market correction, according to an analysis by CryptoQuant contributor Darkfost. He noted that since Oct. 26, over 35,000 BTC, worth approximately $3.5 billion, have been moved to the exchange. During the same period, the price of BTC fell sharply from $114,000 to $94,000. Darkfost explained that investors typically deposit crypto onto exchanges when preparing to sell, a trend that becomes more pronounced during market downturns. He argued that such large-scale inflows reflect genuine market fear rather than simple noise. Until this trend stabilizes and the sell-off volume is absorbed, Darkfost believes a market rebound is unlikely and the possibility of a further price decline cannot be ruled out.