Yes

>>Retail interest in Bitcoin has hit historic lows, mirroring a sharp decrease in funds flowing into Binance.

Retail interest in Bitcoin has hit historic lows, mirroring a sharp decrease in funds flowing into Binance.

crypthub

7 days ago

Retail Bitcoin Inflows to Binance

Retail‑size Bitcoin deposits on Binance have fallen to a historic low of about 314 BTC per month. The metric tracks moves under 1 BTC, representing the smallest participants on the network. This decline signals that few small traders are actively moving Bitcoin onto the exchange.

Historical Peaks and Current Trend

Retail inflows spiked during the 2017 and 2021 bull markets and again in the 2022 bear‑phase panic. Since that last spike the metric has trended downward, persisting even as Bitcoin reached new all‑time highs this cycle. Compared with peaks of 5,400 BTC (2017) and 2,600 BTC (2021), today’s level is a fraction of past activity.

Drivers and Market Impact

The launch of U.S. spot Bitcoin ETFs in January 2024 likely diverted retail capital to custodial vehicles that leave no on‑chain trace. Those ETFs now hold a sizable share of Bitcoin’s supply, reducing direct exchange deposits. Bitcoin currently trades around $77,400, down 4.7 % over the past week, reflecting broader market shifts.