Whale Deposits Reach $7.5 Billion on Binance in 30 Days

TLDR

Binance recorded $7.5 billion in whale deposits over the past 30 days, the highest level in the past year
Retail trading activity is returning as ETF outflows stabilize and both small and large wallet spot orders increase
Global liquidity is growing again after peaking in early October, which typically supports Bitcoin and other risk assets
Bitcoin is down nearly 17% in November, tracking toward its worst performance for the month since 2019
Technical analysts are watching the $93,000 monthly close level as a key indicator for Bitcoin’s near-term direction

Large Bitcoin holders moved $7.5 billion to Binance over the past 30 days, according to CryptoQuant data. This marks the highest level of whale inflows to the exchange in the past year.

Binance is the world’s largest cryptocurrency exchange. The platform often sees major transfers from large holders during periods of market uncertainty.

These whale movements can signal both profit-taking and risk management strategies. The activity comes as Bitcoin holders adjust their positions near key price levels.

A similar pattern occurred in March 2025. Bitcoin’s price dropped from around $102,000 to the low $70,000 range during that period.

Whales moved large amounts of funds to exchanges at that time. This created temporary selling pressure before the market stabilized.

The current inflow figures continue to climb. The data suggests that selling risk has not completely disappeared from the market.

Retail Activity Returns to Market

Retail trading activity is picking up alongside whale movements. Data from CryptosRus shows that both small and large wallet spot order flows are increasing at the same time.

ETF outflows have ended and are now neutral or turning positive. The cumulative delta, which measures buying versus selling activity, is starting to flatten.

This marks the first time in several weeks that both retail and whale activity are moving in the same direction. Spot demand is beginning to recover across market segments.

Global Liquidity Growth Returns

The Global Liquidity Index tracks total capital available in financial markets. This measure closely correlates with Bitcoin’s price movements.

Global liquidity peaked in early October when Bitcoin reached its all-time high. The index has started growing again this week, according to Daan Crypto Trades.

Higher global liquidity means more capital available for risk assets like Bitcoin. This trend could support cryptocurrency markets after recent volatility.

Bitcoin is currently trading around $91,500. The cryptocurrency is down nearly 17% for November.

This performance tracks toward Bitcoin’s worst November since 2019. That year saw losses of 17.3% during the month.

Bitcoin’s worst November on record was in 2018. The cryptocurrency dropped 36.5% during the bear market that followed its 2017 peak.

LVRG research director Nick Ruck said the current pullback could create opportunities. Overleveraged participants and unsustainable projects have been cleared from the market.

This allows new long-term holders to enter positions ahead of 2026. Crypto educator Sumit Kapoor noted that November is typically one of Bitcoin’s strongest months.

Technical analysts are watching the $93,000 level for the monthly close. Analyst CrediBull Crypto identified $93,401 and $102,437 as key levels to monitor.

A close above $93,000 would be a positive sign for Bitcoin’s price action. A close above $102,000 would indicate strong bullish momentum for the cryptocurrency.

Bitcoin traded flat over the past 24 hours and failed to break resistance below $92,000 on Thursday.