Binance's buying power ratio flipped positive to 0.117 on year-end after December distribution, signaling early exhaustion rather than accumulation. The metric tracks stablecoin netflows against BTC outflows, revealing whether capital arrives faster than coins depart. December averaged -0.134, showing prolonged distribution.
Week-by-week deterioration peaked at -0.200 on December 21 before reversing. Final week registered $436 million in net stablecoin inflows against $3.7 billion BTC outflows, producing 0.117 ratio. This marks first positive reading since early December but remains far below 1.0 threshold indicating true accumulation zone.
Thirty-day ratio stayed negative at -0.126 despite year-end improvement, with $1.96 billion stablecoin outflows against $15.6 billion BTC exits. Longer timeframes showed similar weakness—90-day at 0.105, 365-day at 0.067. Distribution pressure dominated across all windows except immediate seven-day view.
The pattern matches late bear market capitulation rather than reversal. Early December posted -0.154 ratio improving to -0.118 by month-end, demonstrating 23% strengthening but from severely negative levels. Capital trickling in suggests selling fatigue without confirming buyer conviction necessary for sustained rallies.
Professional traders require ratio above 0.5 for moderate accumulation signals, above 1.0 for strong positioning. Current 0.117 indicates capital returning tentatively while distribution continues. December revealed where selling exhausted rather than where accumulation began, typical bottoming process requiring confirmation beyond single-week improvements.
Written by Crazzyblockk
