Yesterday, $BTC managed to close the day at ~$78 300, posting a gain of over 7% on the session alone.

Over the past 3 days, Bitcoin has posted a gain of over 23%, with $275B in market cap added over the period.

This rally is logically accompanied by profit-taking, reflected in rising BTC inflows to exchanges. Around 53000 BTC were sent to platforms, including 17 800 BTC to Binance alone, the exchange with the deepest liquidity.

What's interesting to note is that the entirety of these inflows to Binance came from short term holders, and more specifically from investors who had accumulated their BTC less than a day earlier. Rather than holding their positions, these very short term players sent around 17 800 BTC to Binance.

These are therefore purely speculative, non structural movements: cohorts classified as Long Term Holders (6m+) sent no BTC to the platform whatsoever.

Even though this is pure speculation, it remains the largest inflow into Binance since February 2026, a month marked by a genuine capitulation episode from these same investors.

It's precisely these brief, spontaneous movements that are fueling the volatility now making a strong comeback across the crypto market.

Written by Darkfost