New data from CryptoQuant and CryptoOnchain highlights an extraordinary surge in liquidity flowing into Binance, signaling one of the strongest bullish setups in the crypto market’s recent history.
In October 2025, Binance recorded a monthly net inflow of approximately $7 billion, led by over $5 billion in Tether (USDT) and $2 billion in USD Coin (USDC). Analysts interpret this as a wave of “dry powder”, sidelined capital entering exchanges, suggesting traders are preparing to re-enter risk assets.
At the same time, Binance saw outflows of roughly $1.5B in Bitcoin (BTC) and $500M in Ethereum (ETH), a pattern historically associated with long-term accumulation as investors move assets into self-custody wallets for holding.
Combined, these two forces, rising stablecoin inflows and BTC/ETH withdrawals, point to a tightening sell-side supply and a surge in buying power, conditions that typically precede major rallies.
Exchange Data Confirms Binance’s Market Dominance
A five-year report from Crazzzyblockk shows Binance’s continued dominance in global exchange flows. Between 2020 and 2025, Binance recorded:
- •Total inflows: ≈ $1.20 trillion
- •Total outflows: ≈ $1.02 trillion
- •Net inflows: ≈ +$180 billion
- •Average market share: ≈ 40% of all centralized exchange inflow volume
By comparison, Binance’s closest peers trailed far behind:
- •OKX: +$85B net inflow
- •Coinbase: +$72B net inflow
- •Kraken: +$51B net inflow
Binance’s withdrawal-to-deposit ratio of ~0.9 indicates heavy trading activity without significant capital flight, evidence of a robust liquidity cycle even through years of market volatility and regulatory tightening.
Analysts Expect Capital Rotation into Altcoins
According to CryptoOnchain, capital inflows are not limited to Bitcoin and Ethereum. October’s liquidity flood also saw increased movement into the “Other Altcoins” category, hinting at growing risk-on sentiment and the potential onset of a new altcoin season.
As the world’s largest crypto exchange continues to attract stablecoin liquidity and maintain positive cumulative netflows, analysts believe Binance remains the structural hub of global crypto capital rotation, and its October metrics could mark the starting point of the next major market rally.