Bitcoin inflows to exchanges decreased by 15.5% as large investors paused their activities when the price reached $79,000. Since the beginning of August, the price of Bitcoin (BTC) has risen by approximately 25%, climbing from $63,000 to $79,000. During this period, the main interest in buying was shown by large market participants. At the same time, the number of medium-sized coins arriving on platforms like Binance, Coinbase Pro, and Coinbase Prime decreased by 15.5%. This means that fewer new coins have entered the exchanges that could become available for sale on the market.
The largest decline was recorded on the Binance platform, where the number of medium-sized coins fell by nearly 30%, from 4,390 BTC to 3,080 BTC. This indicates that larger investors prefer to hold onto their assets rather than sell them in a rising price environment. This decline created a difference of 1,160 BTC between various trading platforms. Thus, the activity of large investors is shifting between platforms, while the overall level of selling pressure remains low. If the inflow level stays this low, it could support current price levels.
However, for sustainable price growth, a constant demand is necessary. Much of the recent increase was driven by retail and institutional investors, rather than large holders. At the same time, large investors have maintained their balances at around 5.22 million BTC since September 2. The flow of funds from ETFs also shows caution: on September 8, funds lost $46.65 million, and the following day — $120.24 million, reducing total net assets from $99.52 billion to $99.33 billion. Despite this, the flow of funds remains positive, totaling $622.7 million in September, indicating that the recent sell-off did not destroy previous demand.
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