Crypto Exchange Inflows Decline as Market Correction Deepens in November 2025
- Spot and Futures Trading Volumes Take a Hit
- Stablecoin Reserves Tell Two Stories
- Altcoin Deposits Show Retail Speculation
- Selling Pressure Intensifies
- ETF Flows Provide Silver Lining
- Q&A: Understanding the Current Crypto Market Correction
As the crypto market continues its downward spiral, exchange inflows are drying up faster than a desert creek. Binance still dominates trading volumes, but even the giants are feeling the pinch. Here's what the data reveals about this market shake-up.
Spot and Futures Trading Volumes Take a Hit
The crypto market has been bleeding value throughout November 2025, and the numbers don't lie. Binance recorded $25 billion in spot volume yesterday - sounds impressive until you realize it's down from $100 billion earlier this month. Their perpetual futures volume tells the same story: $62 billion yesterday versus $140 billion during the October 10 market crash.
Other exchanges aren't faring much better. Crypto.com and OKX trail far behind with $4.6 billion and $36 billion in spot and futures volumes respectively. What's particularly telling is how trading activity has evaporated since November 4, when spot volumes briefly touched $100 billion before collapsing to $65 billion in recent days.
Source: CryptoQuant - Spot trading volume by exchange
Stablecoin Reserves Tell Two Stories
Here's where things get interesting. Despite the downturn, Binance's stablecoin reserves actually hit an all-time high of $51.1 billion on November 15. OKX holds about $10 billion, while BTCC maintains healthy reserves though exact figures aren't publicly available.
On-chain data shows Binance outpaced Coinbase in stablecoin deposits last month - $60 billion versus $33 billion. This November, the gap narrowed but remained significant ($29 billion vs $19 billion). It's like watching two heavyweight boxers where one keeps landing more punches.
Altcoin Deposits Show Retail Speculation
Mid-October saw record altcoin deposits hitting $77,000 across exchanges. Coinbase led with $26,000, followed by Binance at $19,000 currently. These numbers might seem small, but they reveal how retail investors keep trying to catch falling knives during corrections.
As one BTCC analyst noted, "When altcoin deposits spike during downturns, it usually means inexperienced traders are trying to buy the dip without proper risk management." The data certainly supports this observation.
Selling Pressure Intensifies
CryptoQuant reports $40 billion in BTC and ETH flowed into exchanges last week alone - never a good sign during price declines. Bitcoin currently wobbles around $86,940, down 4.8% weekly and 25% monthly. ethereum mirrors this pain at $2,927, with similar percentage drops.
Exchange wallets tell the story: Binance holds $15 billion in BTC/ETH inflows, Coinbase $11 billion, with others totaling $14 billion. When this much crypto hits exchanges during a downturn, it typically signals investors preparing to sell.
ETF Flows Provide Silver Lining
Not all news is gloomy. Spot Bitcoin ETFs saw $128.7 billion inflows recently, while Ethereum ETFs broke an eight-day outflow streak with $78.6 billion entering on November 25. These institutional products appear to be absorbing some of the retail sell pressure.
This article does not constitute investment advice. Market data sourced from CoinMarketCap and TradingView.
Q&A: Understanding the Current Crypto Market Correction
Why are exchange inflows decreasing during this correction?
When prices fall sharply, many investors adopt a "wait and see" approach rather than depositing more funds. The decreasing inflows suggest reduced buying interest at current levels.
How significant is Binance's trading volume dominance?
Extremely significant. Despite overall volume declines, Binance handles more spot and futures volume than the next several exchanges combined, giving it outsized influence over market liquidity.
What do stablecoin reserves indicate about market sentiment?
High stablecoin reserves suggest traders are sitting on cash waiting for better entry points, rather than exiting crypto completely. It's a cautiously bearish signal rather than panic selling.
