- Binance whales are holding their Bitcoin instead of selling, despite recent all-time high levels and typical inflow patterns.
- Major exchanges saw large Bitcoin outflows, suggesting whales prefer self-custody over immediate selling.
There is something different about the whale movement on Binance lately. Usually, whenever Bitcoin starts to touch or approach its highest price, most big investors will rush to send BTC to exchanges to sell for profit. But now, instead of selling, they are choosing to stay silent—and this has made many analysts start to pay more attention.
Binance Inflows Drop, but Whales Stay Quiet and Steady
Darkfost, an on-chain analyst from CryptoQuant, noted that the current Bitcoin inflow to Binance is actually below average, around $3 billion. Compare that to the peak in early 2024 which touched more than $5.3 billion, or even the previous heyday which recorded a crazy inflow of $8.45 billion. And as often happens, every time the inflow spikes like that, it is usually followed by a correction.
However, this time the graph is not as usual. The inflow volume continues to decline. This means that the whales do not seem to be in a hurry to get out of the market. They are doing the opposite: holding, waiting, and perhaps eyeing a bigger moment. If we compare it, it’s like a gold shop owner who chooses to store his merchandise because he believes the price of gold will be higher next month.
As of press time, BTC is changing hands at about $109,848.28, up 4.15% over the last 7 days, and its market cap is about $2.18 trillion.
Massive Bitcoin Withdrawals Hint at Long-Term Confidence
Furthermore, data from CoinGlass reinforces the same story. In the last 24 hours, major spot exchanges have experienced a large net outflow of Bitcoin. Binance recorded the largest withdrawal: $114.95 million. Coinbase followed with $92.62 million, then OKX and Bybit each lost more than $30 million. Even Kraken was not spared, with its Bitcoin balance decreasing by around $17 million.
Uniquely enough, only Bitfinex recorded a positive inflow of $16.94 million. This could be because certain investors want to put assets there for special purposes. But the rest? Almost all of them withdrew Bitcoin from the exchange. And that’s usually not for quick sale.
If this pattern continues, it is safe to say that most market participants—especially those with deep wallets—choose to hold onto their Bitcoin, rather than throwing it into the market. Maybe they know something we don’t?
On the other hand, CNF also previously reported that between May 19 and 28, 2025, miner inflow to exchanges hit a new record: more than $1 billion per day. Never before has such a figure appeared. That made many parties worried, fearing that the market would be flooded with supply. But now, seeing whales and investors withdraw Bitcoin from exchanges, the narrative may be starting to shift.
Not only that, the quiet behavior of Binance whales is now increasingly being seen as a strong signal that they don’t want to miss the next big moment.
