Significant growth in the activity of large investors, known as “whales,” has been recorded on the cryptocurrency exchange Binance. The analytical company CryptoQuant reports that the average deposit size on the platform has reached 13.5 BTC, indicating the dominance of large players in the market.
This is reported by Business • Media
Structural Changes on Binance: Whales Displacing Retail
At the beginning of 2024, the average deposit on Binance was only 0.8 BTC. By the end of August 2025, this figure has increased nearly 17 times. Experts explain this trend by noting that Binance continues to be a leader in trading volumes and provides sufficient liquidity for transactions involving large sums.
The average deposit size on Binance has reached 13.5 BTC, stated CryptoQuant.
Previously, the exchange was more focused on retail users, but now the majority of transactions are conducted by professional and institutional investors.
Prolonged Consolidation and Market Growth Prospects
According to analysts, the current period in the cryptocurrency market is marked by a prolonged phase of consolidation. Compared to previous cycles, the current upward trend is developing more slowly. This dynamic is linked to several key factors:
- the introduction of spot ETFs;
- institutional and governmental acceptance of Bitcoin;
- the gradual shift of investments from Bitcoin to altcoins.
Analysts predict that the anticipated decrease in interest rates in September, along with the possible approval of spot ETFs based on altcoins in October, could serve as catalysts for new growth. They believe that the second half of 2025 opens up prospects for the continuation of the bullish trend following the current consolidation.
Earlier, Glassnode noted that the cryptocurrency market is in the final phase of the current cycle.