Crypto Exchange Inflows Slow Down as Market Correction Intensifies in November 2025

• Why Are Crypto Exchange Inflows Declining?
• Binance Sets New Records in Spot and Derivatives Trading
• Stablecoin Reserves Reach All-Time Highs
• Altcoin Deposits Spike Amid Market Turmoil
• Mounting Selling Pressure as Bitcoin and Ethereum Slide
• What’s Next for Crypto Markets?
• FAQs

Cryptocurrency exchanges are experiencing a notable decline in inflows amid the ongoing market correction. Binance leads the pack with record-breaking spot and derivatives trading volumes, while stablecoin reserves hit all-time highs. Meanwhile, selling pressure mounts as Bitcoin and ethereum prices continue to slide. Here’s a deep dive into the latest on-chain data and what it means for traders.

Why Are Crypto Exchange Inflows Declining?

As the market correction deepens, cryptocurrency exchanges like Binance, BTCC, and OKX are seeing reduced capital inflows. On-chain data reveals that Binance still dominates trading volumes, with $25 billion in spot trades and $62 billion in perpetual futures over the past 24 hours. BTCC and OKX follow with $4.6 billion and $36 billion in spot and derivatives volumes, respectively. This slowdown suggests traders are becoming cautious amid falling prices.

Binance Sets New Records in Spot and Derivatives Trading

Despite the broader market slump, Binance hit staggering volumes in November. During the October 10 crash, Binance recorded $58 billion in spot trades and $140 billion in derivatives—numbers that remain unmatched. However, total crypto trading volumes have since dipped. On November 4, spot trading peaked at $100 billion before dropping to $65 billion in recent days. Perpetual futures volumes also fell from $298 billion earlier in the month to $170 billion.

Stablecoin Reserves Reach All-Time Highs

Binance’s stablecoin reserves surged to a record $51.1 billion this month, while OKX held $10 billion. Interestingly, Binance outpaced Coinbase in stablecoin deposits, with $60 billion in USDT and USDC inflows last month compared to Coinbase’s $33 billion. Bybit and OKX also saw spikes, hitting $1.2 billion and $4.5 billion, respectively. This influx suggests traders are parking funds in stablecoins, possibly awaiting better entry points.

Altcoin Deposits Spike Amid Market Turmoil

Exchanges reported a surge in altcoin deposits during the correction, peaking at 77,000 mid-October. Coinbase led with 26,000 deposits, followed by Binance at 23,000. As of now, Binance holds 19,000 altcoin deposits, while Coinbase trails with 8,000. This trend indicates some investors are rotating into altcoins, perhaps betting on a rebound.

Mounting Selling Pressure as Bitcoin and Ethereum Slide

CryptoQuant noted a sharp rise in BTC and ETH exchange inflows last week, hitting $40 billion—a sign of increased selling pressure. Bitcoin currently trades at $86,940, down 4.8% over the past week and 25% monthly. Ethereum follows a similar trajectory, dropping 4.55% weekly and nearly 30% monthly to $2,927. Binance absorbed $15 billion of these inflows, while Coinbase took $11 billion.

What’s Next for Crypto Markets?

Historically, retail trading frenzies like the current one signal excessive speculation, often preceding local tops or corrections. With bitcoin ETFs seeing $128.7 billion inflows and Ethereum breaking an eight-day outflow streak with $78.6 billion on November 25, the market remains volatile. Traders should brace for further turbulence.