Binance has traditionally been viewed as an exchange predominantly used by retail participants. However, this perception has shifted significantly since the start of 2024, particularly over the past few months.
Previously, the Exchange Inflow Mean (7MA) was around 0.7 BTC, meaning that the average inflow to Binance was 0.7 BTC. However, since January 2024, this has changed, with the mean inflow now increasing to 6.8 BTC.
It's important to notice that this is an mean-value. This shift indicates that deposits to the exchange have transitioned from retail-dominated amount towards whale dominated amounts.
Written by maartunn