Bitcoin flows to exchanges have fallen to levels not seen in six years. The first of many signs Bull running. Latest on-chain data shows a huge decline Amid continued uncertainty in the cryptocurrency industry, the volume of BTC being moved to trading platforms suggests a slowdown in selling activity.
Exchange inflows fall to multi-year lows
According to Share your analysis According to CryptoQuant author Darkfost, Bitcoin inflows into Binance have fallen to levels last observed in 2020. The 30-day moving average of Bitcoin inflows into Binance is currently around 3,998 BTC. This stands in stark contrast to previous periods of activity in both bear and bull markets.
When investors are afraid, they sell. they move transfer their bitcoins to the exchangeLiquidation is quick and easy. To put this into context, this happened at the peak of the bull market in July 2023, when Binance’s daily inflows averaged around 19,000 BTC, and in May 2021, when daily inflows exceeded 25,000 BTC.
This analysis is based on Binance BTC inflows of 30DMA, which clearly tells the story. The chart shows that inflow activity peaked around July 2021 and then collapsed to the far left edge, where the current figure is around 3,900 BTC.
For further reference, the historical average of Bitcoin inflows to Binance is 11,000 BTC. This means, according to the figures, that the market is operating below its usual pace and current inflow levels are around three times lower than normal.
Binance BTC receives 30DMA inflows. Source: CryptoQuant
Institutions are filling the gap
No sales does not mean indifference. According to Darkfost, this reflects the following facts: retention Strategy, This mechanically reduces short selling pressure, which has persisted through the market giving investors plenty of reasons to reconsider.
Bitcoin peaked at $126,080 in October 2025. Before entering the editing path This caused the price to drop to $60,000 in February 2026. It has recovered to $75,000 in recent days. It was gradual and uneven. However, through all of this, Bitcoin inflows into Binance have remained well below historical norms for several months in a row.
There are also secondary dynamics at play, and some of the missing exchange activity can be traced to the rise of spot Bitcoin ETFs. Now, more and more of Bitcoin activity is flowing through ETFs, reducing the visible BTC movement that analysts track on platforms like Binance.
US spot Bitcoin ETFs have seen significant inflows for the second consecutive week. On April 14, ETF net inflows amounted to $411.5 million. With BlackRock’s iShares Bitcoin Trust leads the way with $214 million. The momentum continued on April 15 with an additional net inflow of $186 million. The result is a setup where fewer coins are sent to exchanges, reducing selling pressure and increasing demand through ETF channels.
Featured image created with Dall.E, chart from Tradingview.com
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