550,000 BTC Transferred to Binance and OKX in Latest Move, Largest Inflow Since 2023 Bear Market

BTC1.23%

According to crypto analyst Darkfost, 550,000 BTC were recently transferred to Binance and OKX exchanges, worth approximately $33 billion, marking the largest exchange inflow since the 2023 bear market. Over 220,000 BTC went to Binance, while over 330,000 BTC were deposited to OKX.

These figures significantly exceed both exchanges' average annual inflows—Binance typically sees around 60,000 BTC annually, while OKX averages approximately 95,000 BTC. Large-scale transfers to exchanges are generally interpreted as preparation for asset sales, raising concerns about increased selling pressure on Bitcoin.

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