[Analysis: Nearly All Bitcoin Flowing into Binance Comes from Active Wallets and Short-Term Traders] CryptoOnchain's analysis of Binance's Bitcoin Day-One Dominance (DOD) chart shows that the proportion of funds flowing into Binance within less than a day surged from around 70% in 2022 to over 90% by early 2025, recently reaching a historic high of 99.9%. The data indicates that nearly all Bitcoin flowing into Binance originates from active wallets and short-term traders, rather than long-term holders selling off. Binance has become the primary battleground for intraday traders, short-term traders, and high-frequency trading algorithms. The recent rise in Bitcoin prices has been primarily driven by short-term speculative funds.