Retail investor activity for Bitcoin (BTC) on the Binance exchange has hit a historic low. In 2026, the average monthly retail BTC inflows to the Binance platform stand at 314 BTC, a sharp decline from the 1,200 BTC recorded in March 2024. Over the last three weeks, 30-day net demand growth has decreased by 73 percent. This is reported by Cointelegraph.com .
CryptoQuant analyst Darkfost notes that deposits from wallets holding less than 1 BTC reflect retail investor sentiment and are currently at a record low. During the 2022 bear market, this figure was around 1,800 BTC, while in the 2018 and 2021 cycles, it reached 5,400 BTC and 2,600 BTC, respectively.
Experts believe this investor behavior may be linked to a shift from holding BTC directly on exchanges to utilizing spot Bitcoin ETFs. Additionally, large sell volumes were observed on Binance: $1.5 billion in sales on May 15, followed by $1.1 billion later.
Market analyst Crazzyblockk points out that the current recovery lacks a balance in spot demand. While spot and futures demand grew together in previous bull cycles, in the current situation, spot demand has remained in negative territory for 65 days, despite positive futures demand.
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