Binance sees record 138K BTC inflows as opinions differ on what Bitcoin price will do next

Binance sees record 138K BTC inflows as opinions differ on what Bitcoin price will do next


Bitcoin (BTC) inflows to largest exchange Binance just saw a giant spike reminiscent of the 2018 bear market capitulation.

Data from on-chain analytics platform CryptoQuant shows that on Nov. 18, a giant tranche of almost 60,000 BTC entered Binance’s wallet.

Exchange inflows highest since late 2018

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BTC price contagion fears thanks to FTX insolvencies and related panic selling are ongoing.

Now, the latest on-chain figures from Binance could provide an additional catalyst for nervous markets — the exchange has seen its biggest daily inflow on record.

With Nov. 18 not over, partial data from CryptoQuant puts current inflows at over 138,000 BTC for the day so far.

Binance BTC inflows chart. Source: CryptoQuant

To put the deposit in perspective, even taking into account outflows — not just at Binance, but other major

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