Bitcoin recorded $211 million of inflows to exchanges, while balances on major venues rose by more than 1,100 BTC in 24 hours and over 6,400 BTC across the past month. The combination of rising exchange balances, a spike in Coin Days Destroyed and elevated whale inflows suggests greater sell-side readiness and possible panic-driven distribution. Binance also saw heavier trading during U.S. hours, and the report said the Coldcard hack added to mostly pessimistic 2026 sentiment.