Binance netflow shows inflow of 4,618 BTC on September 15

Someone, or more likely a lot of someones, moved nearly 4,618 Bitcoin into Binance on September 15. That single-day net inflow was the largest in the reported observation period, according to on-chain data from CryptoQuant, and it arrived on a day when Bitcoin’s price hit a session low of $75,640. The numbers behind the surge Binance’s net inflow of 4,617.90 BTC dwarfed the broader exchange landscape, where aggregate netflow across all platforms averaged just +877 BTC daily during the same week. Stablecoin transaction activity told a complementary story. For the week ending September 16, Binance averaged 48,230 daily stablecoin deposit transactions. That figure represents a 190% increase over the quarterly baseline. Bitcoin’s price responded the next day, climbing to $76,152 on September 16. Net realized profit/loss plummeted to $31.8 million, marking an 89% decline week-over-week. When realized profits crater like that, it typically means the coins moving onto exchanges aren’t being sold at a gain. The macro backdrop This all played out against anticipated policy decisions from the Federal Reserve, which were hanging over markets during this period. ETF flows on September 15 actua...