Data: Binance "All Coin Holders" inflow drops to the lowest level since 2018

According to on-chain data, the inflow of "wholecoiners" (holders of more than 1 BTC) to Binance is rapidly declining. The annual average inflow is about 6,500 BTC, hitting a new low since 2018; the weekly average inflow is only about 5,200 BTC, one of the lowest levels in this cycle.

It is worth noting that despite the continuous rise in Bitcoin prices, the trend of wholecoin inflows is contrary to past cycles: instead of increasing, it is decreasing. This not only shows that the selling pressure from investors holding large amounts of BTC has weakened, but also reflects a structural change in the market: as Bitcoin valuation rises, the threshold for owning a complete 1 BTC increases, naturally reducing large transactions; at the same time, the number of exchanges has surged, and the expansion of the DeFi ecosystem provides more alternative channels, diverting funds that would have almost entirely flowed to major exchanges like Binance.