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