This Binance Metric Shows The Bitcoin Big Boys Are Here

Since early 2024 to date, more Bitcoin whales have flocked to Binance due to its ability to execute large orders.

Mishael Nwani•August 29, 2025

As Bitcoin (BTC) hovers above the $110,000 price mark, various Bitcoin whales have begun moving their crypto holdings. Others are stacking more bitcoin in their portfolio.

On-chain data shared by the blockchain analytics platform CryptoQuant shows that more whales have flocked to the leading cryptocurrency exchange, Binance. This move marks a significant shift from Binance’s popularly known position as a “retail-heavy exchange.”

Why Binance?

CryptoQuant analyst Maartunn discovered this Binance metric by monitoring the crypto exchange’s mean inflow, showing the average size of deposits.

As shown in the chart below, the mean inflow into Binance’s BTC custody has begun to rise significantly since early 2024, from approximately 0.8 BTC. Recall that the Bitcoin halving event occurred around that time of the year. This event involves reducing the number of BTC distributed to miners as a reward every four years. At the time, many believed that bitcoin’s value would soar significantly after the halving.

The chart also shows that the current mean inflow sits at 13.5 BTC (valued at over $1.47 million). This signals an increased attention from whales on the crypto exchange.

In past market cycles, Binance has been recognized as a go-to platform primarily for retail investors. However, the latest data shows a significant diversion from this trend.

Explaining why these whales are shifting attention to Binance, the CryptoQuant analyst said:

“Binance remains the largest exchange by trading volume, offering the liquidity whales need to execute sizable orders efficiently without major slippage.”

This suggests that these whales believe Binance has the capacity to facilitate substantial bitcoin transactions.

Binance’s Market Dominance Above 39%

Binance’s position as a top choice among whales is not entirely surprising. For one thing, the crypto exchange has consistently ranked as the leading crypto exchange by traded volume for several years.

According to a recent analysis from CoinGecko, Binance’s market share was 39.5% of the total spot trading volume last month. This implies that a large number of investors globally chose Binance over other centralized exchanges.

This market dominance is not entirely surprising, as the crypto exchange serves over 280 million users in more than 180 countries.

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Mishael Nwani

Mishael Nwani is an avid crypto enthusiast with over four years of experience in the industry. Since 2022, he has covered topics across cryptocurrencies, NFTs, artificial intelligence, cybersecurity, and financial markets.