In a significant development, large holders of cryptocurrency have transferred approximately $2.4 billion in Bitcoin and Ethereum to Binance. This influx represents the exchange”s most substantial net deposit in a month and raises concerns about potential selling pressure within the market.
These whale movements, which consisted of nearly equal portions of Bitcoin and Ethereum—$1.33 billion in Bitcoin and $1.07 billion in Ethereum—are typically interpreted as preparations for selling. Despite this substantial transfer, analysts note that the overall demand for new purchases remains tepid.
According to on-chain analytics provided by CryptoOnchain, stablecoin flows have remained stagnant, hovering around $42 million for the past week. This lack of movement indicates limited purchasing power, which is critical for sustaining upward momentum in the market. Analysts observed that most stablecoin transactions reflected transfers between the Ethereum and Tron blockchains rather than new capital entering the ecosystem.
The increase in large deposits on Binance has been accompanied by a noticeable slowdown in withdrawals. The average size of withdrawal transactions has declined into what analysts describe as a “suppressed range,” fluctuating between 5.5 and 8.3 BTC. This trend suggests that fewer assets are being moved into cold storage, a behavior often associated with long-term holding strategies.
In addition, there has been a dramatic rise in the average size of deposits, which has increased 34 times, indicating that larger holders are becoming more active on Binance. Earlier this year, the average deposit size was between eight and ten BTC, but it has now escalated to between 22 and 26 BTC. This trend underscores the activity of substantial holders who are moving significant amounts of Bitcoin onto the platform.
As accumulation trends appear to stall, the combination of rising inflows, muted outflows, and flat stablecoin demand raises alarm bells regarding potential selling pressure building in the market. The diminishing rate of Bitcoin accumulation since October, coupled with these dynamics, suggests that large-scale accumulation is waning.
Analyst Linh Tran has pointed out that Bitcoin entered a corrective phase in late 2025 after reaching an approximate peak of $126,000. The subsequent decline of nearly 35% to around $80,000 reflects a structural shift in the cryptocurrency market, characterized by less reliance on retail speculation and more on macroeconomic factors, institutional investments, and regulatory changes.
Meanwhile, Abra CEO Bill Barhydt has expressed optimism that Bitcoin could benefit from easing monetary policies in 2026. He noted that the US central bank is already laying the groundwork for more lenient policies, citing early indicators of renewed balance sheet support. This environment, described as “quantitative easing light,” suggests a forthcoming revival in risk appetite as monetary conditions loosen.
