Analysis: Binance’s 30-day Bitcoin net inflow is trending toward balance, and large deposits have not translated into sustained sell pressure

PANews July 23, according to XWIN Japan analysis, CryptoQuant data shows that although Bitcoin’s daily deposit volume occasionally spikes, Binance’s 30-day net flow is tending toward balance, with withdrawals basically offsetting deposits. This means that large deposits have not translated into a sustained net inflow of funds—while the incoming BTC is either absorbed by market buy pressure or withdrawn to long-term custody.

The analyst notes that neutral or negative net flow usually reflects holding behavior rather than a desire to sell. Based on the current data, investors may be using Binance more to obtain liquidity rather than preparing for a large-scale selloff. Even though short-term deposit spikes could still cause price volatility, the overall picture does not point to sustained sell pressure.