Bitcoin flows away from Binance despite increasing deposits

On Binance, a striking contrast is visible: although more and more users are sending Bitcoin to the platform, the net outflow from the exchange continues. On-chain data from CryptoQuant shows that the netflow over the past 30 days remains negative, meaning more Bitcoin is leaving the exchange than entering. Analysts see this as a potential signal that investors are gaining more confidence in the future of Bitcoin.

Bitcoin is available at OKX and Bybit.

Deposits rise, but outflow dominates

CryptoQuant charts show that the total inflow of Bitcoin to Binance is picking up slightly in July 2026, with peaks around 6,400 to 15,000 BTC per day. Yet the outflow structurally exceeds the incoming flow. The 30-day netflow shows a clearly negative pattern, similar to the period between May and August 2025, when the Bitcoin price was actually rising towards new highs.

This pattern is typically interpreted as a bullish signal. When investors move their Bitcoin off exchanges, they are more likely to hold their coins in self-custody and do not plan to sell in the short term. That reduces the immediate selling pressure on the market.

What do analysts say about this divergence?

Analyst xwinfinance states in a report on CryptoQuant that this divergence between rising deposits and sustained outflow may indicate that investors are gaining more confidence in the long-term value of Bitcoin. In other words: people do send Bitcoin to Binance, but they end up withdrawing more than they deposit.

At the time of writing, Bitcoin is trading around $65K, a slight decline of 0.3% in the past 24 hours. The price has been in a broader consolidation phase for some time, as also seen in earlier analyses of the stagnant Bitcoin price. Whether the sustained outflow from Binance will ultimately lead to a new upward move remains an open question for now.