The gap between two classes of Bitcoin (BTC) deposits to Binance reached $6.18 billion in CryptoQuant’s Oct. 17 reading, as retail-classified transfers grew faster than whale-classified flows.
For the rolling 30-day period ending Oct. 17, the retail category totaled $10.78 billion, 54% above the $7 billion recorded in the Aug. 18 reading. Whale-classified deposits grew from $4.2 billion to $4.6 billion, a 9.5% increase. The difference between the categories was $2.8 billion in the earlier reading.
Analyst Amr Taha, writing on CryptoQuant, interpreted the faster rise in retail-classified transfers as a possible sign of profit-taking by smaller holders. The measure records Bitcoin arriving at Binance, not completed trades. It does not establish whether depositors placed sell orders.
An earlier EconoTimes account of seven-day exchange flows described net Bitcoin inflows across centralized platforms. Binance and OKX received coins in that snapshot, while Coinbase Pro recorded outflows. That seven-day view covers a different period from the 30-day Binance comparison.
A separate CryptoQuant wallet indicator showed a shift among larger holders. For wallets with 1,000 to 10,000 BTC, its rolling 60-day figure moved from minus 62,600 BTC on Sept. 27 to plus 5,230 BTC on Oct. 19, placing the group on the accumulation side of the measure.
Wallets holding 100 to 1,000 BTC also had a positive reading on Oct. 19, but it had declined to 40,450 BTC from 115,450 BTC on Sept. 27. Each figure describes a rolling 60-day window; neither states how many coins the group bought between those dates.
Taha interpreted the large-wallet pattern as a sign of greater retention by big holders. The wallet readings count BTC across different groups and periods, while the deposit figures value transfers to one exchange in dollars. They cannot establish how much buying, if any, matched sales from deposited coins.
Subsequent spot trading could help show whether deposited Bitcoin was sold and whether buyers absorbed those sales.
