CryptoQuant: Small sharks and long term investors make a strong push to deposit BTC on Binance

The latest report from CryptoQuant shows that the amount of BTC deposited into Binance surged at the end of April and throughout May 2025, coinciding with the strong bullish trend of Bitcoin. On-chain data indicates three main trends that are becoming clearly established in the market:

1. The "fish" and "shark" groups lead the wave of BTC deposits.

The majority of new capital comes from the group of investors holding between 10 and 1,000 BTC – commonly referred to as "fish" and "sharks", alongside significant contributions from the "crab" group holding (1–10 BTC). This indicates that both savvy individual investors and institutions are actively trading, choosing Binance as their liquidity hub.

2. Long-term investors begin to "take action"

CryptoQuant recorded the flow of BTC from Long-Term Holders (LTHs) – those who hold BTC for more than 155 days – has also increased significantly. The inflows of BTC from LTHs often coincide with times of strong price increases, indicating a strategic profit-taking after many holding cycles.

➡️ Analysis: This is a classic signal indicating that a portion of new BTC supply is being released into the market, which may exert short-term price adjustment pressure.

3. The whales remain inactive.

Conversely, the data shows that the cash flow from whales (1.000–10.000 BTC) and super whales (>10.000 BTC) remains very low. This group has not made a massive distribution of BTC to Binance, even though the price is at a high level.

➡️ Analysis: The fact that large holders are still on the sidelines indicates that they are not ready to exit, or they are using other trading channels like OTC (off-exchange trading) to avoid impacting market prices.