TechFlow news, December 15 — According to CryptoQuant data analyst Darkfost, inflows of "Wholecoiners" (transactions larger than 1 BTC) into Binance are significantly decreasing. The annual average inflow has dropped to around 6,500 BTC, the lowest level since 2018, with weekly average inflows reaching only 5,200 BTC. Unlike previous cycles, during this bull market large-volume Bitcoin inflows have declined rather than increased, maintaining a downward trend even as Bitcoin's price rises.
Analysts believe this phenomenon not only indicates weakening selling pressure from large Bitcoin holders but also reflects structural changes in the market: as Bitcoin's valuation increases, owning an entire BTC has become more difficult; meanwhile, the expansion of the DeFi ecosystem has provided investors with more trading and holding options, diverting funds that would have otherwise flowed into major centralized exchanges.
