- Binance received 23,000 BTC since July 11, ending a multi-month outflow streak that began after the April 2025 correction.
- Between July 14–15, 40,000 BTC linked to a Satoshi-era miner wallet moved, fueling speculation around historic coin activity.
- Binance’s deep liquidity and infrastructure remain the preferred choice for large Bitcoin transfers despite recent shifts in custody trends.
Bitcoin inflows to Binance have reversed a months-long trend, totaling $2.7 billion since July 11, amid renewed exchange activity.
Shift From Outflows to Exchange Deposits
For months following the April 2025 correction, Binance recorded steady Bitcoin outflows, often interpreted as investor preference for self-custody. This trend typically reflects long-term holding sentiment among Bitcoin users who prefer to store assets off exchanges.
But now there is a new trend developing. Since July 11, Binance has received roughly 23,000 BTC in deposits valued at around $2.7 billion. This has created a change in market behavior that corresponds with the recent all-time high in bitcoin price; while inflows can create downward price pressure, the impact on the market so far has appeared to be minimal.
According to a tweet by Darkfost_Coc, this transition from outflows to inflows on Binance has become particularly notable during a period of price consolidation. The timing and size of the deposits have drawn market watchers’ attention.
Satoshi-Era Wallet Activity Sparks Attention
The largest inflows were recorded between July 14 and 15. During this period, a major transfer of 40,000 BTC took place. These coins are believed to be linked to a miner wallet from the early Bitcoin era, often referred to as the “Satoshi era” due to their age and rarity.
In the last few weeks, this same miner wallet has apparently moved more than 80,000 BTC in total. These outbound transactions are tracked closely because of their potential to change sentiment in some way, since these dormant coins are historically and/or potentially valuable.
The market has absorbed all this movement fairly well, but the reactivation of long-dormant addresses continues to raise questions about direction in the broader market and any failed sell-offs.
Binance Remains a Preferred Venue for Large Transfers
Even though decentralized exchanges and different custody solutions are growing in popularity, Binance keeps receiving a lot of Bitcoin transaction volume. Its underlying infrastructure, along with liquidity, attracts Bitcoin whales to execute large trades.
This further supports the notion that Binance is a central hub of the Bitcoin market for these larger volume transfers. As large wallets continue to move funds, others in the market are watching the flows of Bitcoin on exchanges as it reflects possible upcoming volatility and also potential institutional activity.
While the Binance exchange is able to handle significant volume without destabilizing the price of Bitcoin, it indicates it has substantial operational capacity.
