Bitcoin Mean Exchange Inflow To Binance Has Increased Over The Past Year
This metric traditionally indicates the total amount transferred to these sites. The indicator that gives us the mean or average quantity of tokens moved to exchanges is still important.
If the indicator is high, the average transaction to these key organizations carries many tokens. This tendency shows that whales may be participating in influx activities.
However, the low statistic shows ordinary investors are putting money in exchanges because the mean inflow transaction is tiny.
The 7-day moving average (MA) of the mean Bitcoin Exchange Inflow for Binance over the past few years is shown in this chart:
Bitcoin Exchange Inflow Means
CryptoQuant reports that the metric has been rising quickly in recent months.
As seen in the graph above, the 7-day MA of the mean Binance Bitcoin Exchange Inflow was low for years, giving the platform the reputation of being home to retail investors, the smallest entities on the network.
The typical platform transaction involved less than a token of the asset at the start of this year, when this measure was 0.9 BTC.
Since then, the indicator has spiked, indicating the exchange has received higher deposits. Since the upward trend has been constant for a long period, this may not be a transient departure.
Recently, the mean Binance Bitcoin Exchange Inflow reached 6.8 BTC, worth $614,000 at the current exchange rate. A substantial average deposit to the platform suggests the whales are actively making inflows.
Whales used to choose other exchanges, but this latest move demonstrates that some of these massive investors now utilize Binance.
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