Analysis: Bitcoin on the Binance platform has maintained a net inflow for 10 consecutive days

CryptoQuant analyst Darkfost posted on X that Binance platform's Bitcoin has maintained a net inflow for 10 consecutive days. On May 16th, Binance's weekly average inflow was 378 BTC, which has now risen to 1,190 BTC, an increase of over 3 times in 10 days. On May 18th, the single-day inflow exceeded 3,600 BTC, a relatively high daily level. Binance's BTC reserves have increased from 616,000 BTC on April 24th to the current 632,000 BTC, an increase of 16,000 BTC in one month. The analysis points out that when inflows consistently dominate on platforms like Binance, it is traditionally interpreted as a potential sell signal. Holders transfer BTC to exchanges primarily for selling, whether for taking profits, reducing exposure, or reallocating more defensively. This current trend is occurring against a backdrop of tense geopolitical conditions impacting the global economy, making risk assets particularly challenging to navigate and warranting continued close attention.