Binance mid-size BTC inflows drop to 2023 lows; Coinbase surge
Binance seven-day average mid-size Bitcoin inflows fell to about 3,000–4,000 BTC, while Coinbase logged roughly 8,500 BTC from similar wallets on April 19.
On a seven-day average basis, mid-size Bitcoin wallet deposits to Binance fell to about 3,000–4,000 BTC, reaching levels last seen in 2023. On April 19, Coinbase received roughly 8,500 BTC in inflows from mid-size wallets, while other exchanges recorded smaller amounts. The figures come from on-chain analytics tracking transfers to exchanges.
The analytics classify mid-size wallets as addresses holding roughly 100–1,000 BTC, a group often linked to active traders and smaller institutions. These wallets are monitored because they frequently move coins to exchanges during distribution periods.
Analyst Amr Taha calculated Binance’s seven-day average mid-size inflows at about 3,000–4,000 BTC, below the 5,500–6,000 BTC range seen in April–May 2023. He reported retail-sized wallets, defined as 1–100 BTC, added under 300 BTC on the referenced Tuesday. Taha cautioned that inflows alone do not equate to immediate selling.
Coinbase’s single-day mid-size inflow on April 19 of about 8,500 BTC approaches the scale of flows recorded after the November 2022 FTX collapse. Other exchanges did not show a matching single-day surge, and the data do not indicate synchronized inflows across multiple platforms.
A comparable spike on Coinbase occurred on Jan. 14, before Bitcoin’s price moved from roughly $95,000 to below $67,000 in February.
Researcher Axel Adler Jr. reported Bitcoin’s 30-day net flow swung from +94,000 BTC in February to -300,000 BTC in March and stood near -98,000 BTC as of April 21. Adler found exchange reserves declined for seven consecutive weeks, falling by more than 105,000 BTC since early March. He also noted there was no material return of coins to exchanges during the April 2 price pullback toward $67,000.
The available data show lower mid-size deposits to Binance over the latest seven-day window and a concentrated one-day mid-size inflow to Coinbase on April 19. Analysts and researchers provided the numerical estimates and cautions cited above.
The material on GNcrypto is intended solely for informational use and must not be regarded as financial advice. We make every effort to keep the content accurate and current, but we cannot warrant its precision, completeness, or reliability. GNcrypto does not take responsibility for any mistakes, omissions, or financial losses resulting from reliance on this information. Any actions you take based on this content are done at your own risk. Always conduct independent research and seek guidance from a qualified specialist. For further details, please review our Terms, Privacy Policy and Disclaimers.
Articles by this author
