CryptoQuant analyst Darkfost said the monthly average is down from 2,690 at the 2021 peak and 3,700 in 2018, suggesting weaker retail activity and a more institutional market structure.
Binance's monthly average retail Bitcoin inflows have dropped to a platform-record low of 329 BTC per day, CryptoQuant analyst Darkfost said. That compares with 2,690 BTC per day at the 2021 cycle peak and 3,700 in 2018. He said the decline may reflect weakening retail participation as investors shift to other assets, spot Bitcoin ETFs, or longer-term holding, a dynamic that could reduce potential sell pressure and indicate a market increasingly shaped by institutional flows.