Binance leads the cryptocurrency trading market in 2024, with outstanding trading volume, demonstrating active user participation during both bullish and bearish phases.

Coinbase Advanced recorded less inflow but more outflow, especially when prices rise. This indicates strong interest in long-term holding from institutional investors or "whales". Monitoring the activities of "whales" on Coinbase can provide insights into institutional sentiment.

OKX has a speculative user base, with cash flows reacting strongly to market volatility. Large inflows occur when prices rise and outflows when prices fall, indicating that traders are taking advantage of short-term opportunities.

KuCoin is less active with Bitcoin, showing that users prefer alternative coins, which do not significantly affect Bitcoin's price.