Bitcoin’s Bin-darling: Long-Term Holders Flirt with the Exchange – Will They Sell or Swell? 😉

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Darling, it seems our dear old Bitcoin has decided to throw one of its usual tantrums just as we’re all ready to toast to a brighter tomorrow. After a brief flirtation with the idea of a comeback – you know, a little bounce to the ounce – it’s now strutted into the weekend with a more familiar, bearish pout. Quite the mood, really. Recent data suggests the crypto darling still faces a rather dismal outlook, with the chance of a deeper dip looking as likely as my cousin Harold’s attempts at chic dressing.

Binance‘s Daily 40 Bitcoin Buffet: Long-Term Holders Do the Flap!

On October 17th, our dear friend Darkfost, lurking behind the pseudonym, spilled the beans on social media with a sense of mild excitement about Bitcoin’s old guard. Turns out, those venerable investors – the pogs of the crypto world – have been sending their coins to Binance at a rate that’s caught some attention.

Using the ever-trusty Binance Inflow – Spent Output Age Bands metric (fancy words for tracking Bitcoin’s age and where it’s going), Darkfost revealed that the 7-day moving average (they call it the MA – sounds more like a coffee brew than a financial metric) of Bitcoin flowing into Binance has shot up to 40 coins a day, from a mere 4. A tenfold increase, darlings! It’s enough to make even the stoniest of holders quiver.

What Does This Mean for Our Beloved Bitcoin?

Given that over 80% of Bitcoin’s supply is held by its long-term enthusiasts, their every move can send tremors through the market, like a particularly dramatic episode of a Victorian soap opera.

Darkfost suggests that these inflows might be a sign of impending profit-taking, a lovely euphemism for “selling-it-all-and-running.” Memories of past crashes come rushing back, reminding us that large, deliberate moves to exchanges often culminate in chaos – or, at the very least, a good old-fashioned dip.

Sure enough, history shows that when these venerable hodlers send their coins to Binance, it often precedes a sale, unleashing a supply flood that can cause chaos. The current surge, ominously, appears to be a prelude to a potential distribution phase – a fancy way of saying “sell-off party.”

As our chart friend Darkfost advises, while this inflow is manageable for now, we should keep our monocles poised. Should the upward trend continue, it might just mark the beginning of a period of “Oh, bother,” for Bitcoin’s price, and who knows – perhaps a gentle slide into the abyss.

Meanwhile, the price is lounging around at about $107,085, down a smidge – nearly, but not quite, enough to make one weep into one’s gin. Cheers to volatility, one and all!

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2025-10-18 19:20