Retail investors have sharply increased Bitcoin transfers to Binance, while deposits from large holders have declined. CryptoQuant data shows retail deposits reached $10.75 billion over the 30 days through October 2026, a six-month high. Large-holder deposits totaled about $3.8 billion. The divergence points to different responses to the recent market rebound, but exchange deposits alone do not confirm that Bitcoin has been sold.
Retail deposits nearly double from April
CryptoQuant data puts retail Bitcoin deposits at $10.75 billion, up from $5.5 billion in April. That is nearly double the earlier level. On the same measure, retail deposits were about 2.8 times large-holder deposits, a difference of $6.95 billion.
The 30-day total aggregates deposits over the previous month, smoothing out some of the volatility in daily flows. The recent increase may indicate that some smaller holders moved Bitcoin to exchanges to sell at higher prices during the rebound. That remains an interpretation of on-chain flows, not confirmed sales data; transfers to exchanges can also serve other purposes.
Large-holder deposits down 36% since August
By contrast, the value of Bitcoin deposited to Binance by large holders has fallen 36% since late August, from $5.9 billion to $3.8 billion. The decline indicates a slower pace of transfers to the exchange, but the remaining total is still substantial. The data supports describing deposits as lower—not suggesting that large holders have stopped transferring Bitcoin or have definitively shifted to accumulation.
The figures track Bitcoin flowing into exchanges, not what account holders ultimately do with it. Deposits can add to the amount potentially available for sale, but they do not show whether holders will sell, or when and at what price. The measurable change is that retail deposits over 30 days reached a six-month high while large-holder deposits fell below their August level. Whether those trends persist will depend on subsequent flows.