Bitcoin Flows Diverge: 4,618 BTC Enter Binance While Coinbase Sees Outflows
Bitcoin inflows to Binance rose to 4,617.90 BTC on September 15, while 3,171 BTC flowed out of Coinbase.
CryptoQuant data shows that Bitcoin movements across the two major cryptocurrency exchanges diverged significantly on September 15. Binance’s netflow reached plus 4,617.90 BTC, the highest session within the reported period, while the flow at Coinbase was recorded at minus 3,171 BTC.
On the same day, the Bitcoin price made its lowest close of the period at $75,640. In the following session, Binance and Coinbase netflows were plus 1,696 BTC and plus 1,881 BTC, respectively. The Bitcoin price also rose to $76,152.
Stablecoin activity surged on Binance
In the week ending September 16, stablecoin deposit transactions on Binance rose to a daily average of 48,230. This figure remained over 190 percent above the quarterly baseline. However, the data refers to the number of deposit transactions carried out, not the total amount of stablecoins entering the exchange.
In the same week, the total Bitcoin netflow of exchanges averaged plus 877 BTC per day. The funding rate, which indicates the market’s appetite for leverage, remained in the 0.00-0.01 range. The Coinbase Premium Index fell to minus 0.08 in the last two sessions, reaching its weakest zone within the period.
Data suggests the possibility of absorption rather than sudden moves
The Net Realized Profit/Loss indicator fell by 89 percent on a weekly basis to $31.8 million. Thus, while Bitcoin flows to exchanges increased, profit-taking remained limited.
CryptoQuant evaluates the simultaneous increase in Bitcoin and stablecoin capacity on Binance alongside low leverage and a negative Coinbase spot premium. The analysis states that this outlook historically coincides more frequently with possible absorption and a prolonged sideways trend rather than sudden directional moves. The report also includes the possibility that the inflows could be linked to hedging transactions ahead of the Fed decision as an unconfirmed explanation.