Exchange-to-Binance BTC flow has hit an all-time low. This indicates positive changes in the market and increasing confidence of traders.

1️⃣ Consolidation of liquidity: Binance, as the largest exchange by trading volume, reduces the need for transfers to access liquidity. Many traders choose to work directly on Binance.

2️⃣ Use of stablecoins: The rise in popularity of USDT and USDC reduces reliance on BTC as an intermediary asset between exchanges.

3️⃣ Growing confidence in Binance: Previously, large volumes of BTC flowed into Binance during panics. The decrease in this flow now reflects greater investor confidence in Binance and the market in general.

This is not a weakness, but a sign of stability and confidence in Binance as a leading exchange.