Cryptocurrency analytics company CryptoQuant, in its latest report, pointed to a notable shift in investor behavior.
According to the company’s analysis, the sharp drop in transaction data, particularly for the Binance exchange, indicates that the market has entered a new phase.
According to CryptoQuant data, total monthly inflows to Binance in March 2026 dropped to approximately $10 billion, reaching their lowest level since early 2025. This decline indicates a significant decrease in investors’ tendency to sell their assets by transferring them to exchanges.
The analysis added that this development should be considered in conjunction with Bitcoin price movements. During the period when Bitcoin peaked at $127,000 in October 2025, there were massive inflows into exchanges due to profit-taking. However, a sharp correction followed, causing the price to fall to around $60,000 in February 2026. By April 2026, Bitcoin had recovered and was fluctuating around $72,000.
According to CryptoQuant, the low exchange inflows observed in March send a critical signal: selling pressure has largely subsided. Despite the price rising from $60,000 to $73,000, the fact that investors haven’t moved their assets to exchanges indicates that selling pressure remains weak in the market.
The company states that this behavior indicates the end of the distribution phase that began at the $127,000 peak and the beginning of the accumulation phase. The decrease in supply on exchanges could create a strong support level for Bitcoin and pave the way for a continuation of the upward movement in the medium term.
*This is not investment advice.
