On-chain analyst CryptoOnchain stated that while the volume of BTC deposited into Binance has increased, there is no clear evidence yet that it is leading to large-scale selling. He explained in a CryptoQuant contribution, "On the 15th, 4617.90 BTC was deposited into Binance. This is the largest volume during the survey period. On a whole exchange basis, an average of 877 BTC was net inflow per day. However, despite the large deposits, it did not lead to actual selling. Net realized profit and loss decreased by 89% compared to the previous week, reaching $31.8 million. The perpetual futures funding rate also remained at the 0.00-0.01 level, indicating that leverage has not significantly expanded. Although the amount of BTC available for sale is increasing, a clear direction is not yet visible in terms of leverage or US spot demand."
