Large cryptocurrency holders have increased transfers to centralized exchanges, drawing renewed focus on near-term market direction, as the activity suggests positioning changes by major players rather than fresh capital entering the market. Data from on-chain analytics shows that whales moved roughly $2.4 billion worth of digital assets to Binance within one week, with the inflows split almost evenly between Bitcoin and Ether, marking the exchange’s strongest net inflow in a month.
Bitcoin inflows reached $1.33 billion, while Ether deposits totaled about $1.07 billion, yet despite the scale, analysts observed limited signs of demand absorbing this supply. Stablecoin movements remained muted during the same period, with net inflows near $42 million, largely reflecting transfers between the Ethereum and Tron networks. This imbalance has raised concerns around market depth, and without expanding stablecoin balances, buying pressure appears constrained.
Also Read: Ethereum Stablecoin Transfers Smash $8T as Network Activity Hits Record High
CryptoOnchain highlighted that rising deposits did not coincide with new liquidity, noting that such patterns often precede selling or derivative-related positioning. Large transfers from private wallets to exchanges typically indicate readiness to trade, while the absence of strong inflows suggests buyers may not be prepared.
Moreover, accumulation metrics for Bitcoin have weakened, as the pace of long-term holding slowed after October and reflected a shift in whale behavior. Average Bitcoin deposit sizes to Binance climbed sharply, with transactions increasing from about 8 to 10 Bitcoin to a range of 22 to 26 Bitcoin.
At the same time, fewer large withdrawals occurred, pointing to reduced movement of assets into cold storage.
Exchange outflow data reinforces the cautious outlook, as average withdrawal sizes fell to between 5.5 and 8.3 Bitcoin, remaining near recent lows. Such patterns indicate declining large-scale accumulation, with major holders appearing less inclined to lock assets away for extended periods.
Analysts view this shift as a potential headwind for price appreciation, as lower conviction among whales can limit sustained upward momentum.
Bitcoin still recorded modest gains despite these signals, rising 1.3% over 24 hours and trading near $92,600 after reaching $93,170. Ether followed a similar path with restrained momentum, as traders remained selective amid tightening liquidity conditions.
Market observers emphasize that deposits alone do not drive rallies, noting that fresh capital and consistent demand remain essential. In the absence of expanding stablecoin inflows, price movements may stay limited, with whale activity pointing more toward preparation than aggressive accumulation.
Also Read: XRP, XLM, and ALGO Bullish Sentiment Tops 90% – Why it Matters
The post Whale Deposits to Binance Rise as Market Liquidity Remains Thin appeared first on 36Crypto.


