Over the past few months, activity on Bitcoin has been gradually intensifying, particularly among the largest investors.

BTC flows on Binance, represented here by the Top 10 outflows (the 10 largest withdrawal transactions on the platform), provide an interesting insight. Their size has been rising steadily for several months:

- February : as Bitcoin fell below $70 000 to touch $62,000, the Top 10 outflows recorded spikes between 6 000 and 8 000 BTC.

- Summer : during the phase that marked the current bear market bottom, new spikes appeared, with a peak close to 10 000 BTC.

- Late September to today : these outflows climbed to over 15 000 BTC.

Each sequence therefore exceeds the previous one, even across very different market phases (drop, bottom, early recovery).

The analysis of total outflows on Binance confirms that this dynamic is market-wide: the monthly average rose from 18 459 BTC in mid-August to nearly 30 000 BTC today.

This reading suggests that buyer activity has increased, but also that their profile is changing. Large transactions carry a growing share, at the expense of smaller ones, which could be associated with retail.

Written by Darkfost