BlockBeats News, January 25, according to CryptoOnchain data, the internal transaction volume of Bitcoin exchanges (in total) has dropped to the lowest level since 2022, at around 14,000 BTC. The continuous decline indicates a significant reduction in the internal Bitcoin transaction volume on exchanges, demonstrating weakened market-making ability and liquidity crunch.
Internally at Binance, the flow hovers around its historical low of about 2,700 BTC, reduced internal flow has led to higher holding ratios, fewer arbitrage opportunities, and thinner order books, increasing market sensitivity to shocks. Historically, once market activity resumes, there will be sharp directional volatility.
