CryptoQuant: $479M in BTC Flows Into Binance as Panic Selling Follows $60K Breakdown

According to CryptoQuant analyst Darkfost, the recent break below the $60,000 level has been followed by about $479 million in Bitcoin flowing into Binance, indicating a renewed uptick in exchange deposits as markets react to the downturn.

He further highlights that on-chain data shows average monthly BTC inflows to Binance have nearly doubled since April 13, rising from 3,880 BTC to 7,600 BTC. According to his observations, similar behavior was also recorded during previous corrections in November 2025 and February 2026, when sharp price declines coincided with increased exchange inflows.

From his analysis, the $60,000 area continues to function as a key behavioral threshold, where market participants tend to split between selling into weakness and accumulating at lower levels amid heightened volatility. While inflows remain elevated, he also notes that the most recent data points to a gradual cooling in deposit momentum compared to earlier spikes.

Source: Darkfost