Binance Sees Record Low Bitcoin Whale Inflows as Holders Demonstrate Strong Conviction

Bitcoin''s largest holders, often referred to as ''whales,'' are showing remarkable conviction in the cryptocurrency''s long-term value, as evidenced by a significant drop in exchange inflows. Recent data reveals that whale deposits to Binance have plummeted to $2.99 billion, marking the lowest level since early 2023. This stark reduction in exchange inflows suggests a notable decline in sell pressure at current price levels, a trend that contrasts sharply with previous market cycles. Historically, inflows of $5-8 billion to exchanges like Binance have preceded major price corrections, making the current downturn in deposits a bullish signal for Bitcoin. Additionally, the cryptocurrency has formed a technical bull flag pattern, further reinforcing the positive outlook among investors. As of June 2025, this development highlights the growing confidence among Bitcoin''s largest holders, who appear to be holding firm rather than liquidating their positions. The trend underscores a potential shift in market dynamics, with reduced sell-side pressure paving the way for sustained upward momentum in Bitcoin''s price.

Bitcoin Whales Hold Firm as Exchange Inflows Hit 18-Month Low

Bitcoin''s largest holders are demonstrating unprecedented conviction, with whale inflows to Binance plunging to $2.99 billion - the lowest level since early 2023. This dramatic reduction in exchange deposits suggests diminishing sell pressure at current prices, contrasting sharply with previous cycle tops where $5-8 billion inflows preceded major corrections.

The cryptocurrency has formed a technical bull flag pattern projecting a $144,000 price target, while derivatives markets show mounting risks of a short squeeze should prices advance just 10% from current levels. Despite trading within 2% of its $111,970 all-time high, BTC continues to exhibit net outflows across major exchanges.

Market structure appears fundamentally different from prior peaks. The absence of massive accumulation on Binance and other platforms indicates whales aren''t distributing at these levels, creating a supply dynamic that could fuel further upside. Spot markets remain subdued, with the $3 billion FLOW rate representing less than half the volume seen at previous market tops.

Binance''s Proof of Reserves Reveals Zero Excess Holdings in Ethereum and Solana

Binance''s latest Proof of Reserves audit, published June 1, confirms the exchange holds no surplus ethereum (ETH) or Solana (SOL) beyond customer deposits. The zk-SNARK-verified report shows ETH balances at 5,337,118.325—a near-perfect match to user deposits of 5,337,110.337 ETH. Solana reserves mirror this precision, with 23,017,153.973 SOL held against 23,017,150.874 SOL in customer assets.

The 100% reserve ratio for both assets underscores Binance''s strict 1:1 collateralization policy. While this demonstrates transparent backing of user funds, it raises strategic questions about the exchange''s internal treasury management. Notably absent are buffer reserves—a departure from industry practices favoring operational liquidity cushions.

Binance Resumes Crypto Services for Syrians After US Sanctions Lift

Binance has reopened its platform to Syrian users following the easing of US sanctions under General License 25. The move ends years of exclusion for Syrians from the global crypto economy. "For years, people in Syria have watched the crypto world evolve, unable to participate. Not by choice, but by circumstance," the exchange stated.

The May 23 OFAC license suspension allows Syrians full access to Binance''s suite of services, including spot and futures trading, staking, and Binance Pay. The exchange will complement these offerings with educational initiatives, aiming to integrate Syrian users into its 270-million-strong global community.

This development follows Trump''s directive at the Gulf Cooperation Council summit for a sanctions cessation to give Syria "a fresh start." Binance''s rollout reflects growing institutional efforts to expand regulated financial access in the region.