- Bitcoin whale inflows drop to a six-month low, signaling reduced sell pressure and growing market stability.
- Illiquid Bitcoin supply surpasses 14M BTC, reflecting strong long-term holder confidence amid tightening market liquidity.
- Bitcoin’s price rise to $100K aligns with a 1.4M BTC illiquid supply increase since 2019, showcasing demand-driven momentum.
Exchange inflows from major Bitcoin holders have plunged to a six-month low, while illiquid supply now exceeds 14 million BTC. These shifts indicate declining sell pressure and rising long-term holding behavior across the crypto market.
Whale Inflows to Binance Hit Lowest Since November 2024
Bitcoin whale inflows into Binance have dropped sharply, reaching a six-month low at $3.27 billion. Data from CryptoQuant shows this is the lowest 30-day cumulative inflow level since November 2024. A chart spanning July 2023 to May 2025 reveals a correlation between large inflows and local price reversals.
Spikes exceeding 10,000 BTC often preceded brief pullbacks, as seen in July 2023 and April 2024. These inflows coincided with Bitcoin consolidating near resistance levels like $70,000. Meanwhile, mid-tier inflows between 1,000 and 10,000 BTC and smaller movements of 100 to 1,000 BTC remained consistent throughout periods of volatility and rallies. This steady activity aligns with Bitcoin’s growth from $28,000 in November 2023 to $100,000 in May 2025, reflecting continued high-net-worth and institutional participation.
Illiquid Bitcoin Supply Tops 14 Million for First Time
Illiquid Bitcoin holdings surpassed 14 million BTC in May 2025, a structural supply shift highlighting growing long-term holding behavior. These coins, held in wallets with minimal spending history, are effectively removed from circulation. The trend underscores the market’s increasing preference for long-term retention.
Illiquid supply rose from 13.5 million BTC in early 2023 to its current peak, aligning with Bitcoin’s price surge from below $25,000 to over $100,000. This accumulation phase reflects sustained conviction from holders and tightening liquidity on exchanges. Reduced circulating supply amplifies demand-driven price movements, positioning the market for accelerated gains during buying waves. Crypto Patel referred to this as Bitcoin entering “hibernation mode,” a condition often preceding bull runs.
Analysts Cite Structural Shifts in Market Dynamics
BeInCrypto noted that inflow spikes above 10,000 BTC frequently trigger price volatility, often coinciding with local corrections or consolidations. These patterns suggest strategic selling or portfolio rebalancing by whales.
Simultaneously, Crypto Patel emphasized the growing illiquid supply as a broader macro shift. With more holders moving to cold storage or retaining assets long-term, the market becomes more sensitive to demand shocks.
Since November 2019, Bitcoin’s illiquid supply has risen by 1.4 million BTC. During the same period, its price increased over 14x, from $7,000 to above $100,000, demonstrating the long-term impact of supply reduction on market performance.
