[Analysis: Binance's 30-day Bitcoin net flow tends toward balance, large deposits not translating into sustained selling pressure] According to XWIN Japan's analysis and CryptoQuant data, despite occasional surges in daily Bitcoin deposit volumes, Binance's 30-day net flow tends toward balance, with withdrawals essentially offsetting deposits. This indicates that large deposits have not translated into sustained net capital inflows—BTC flowing in is either absorbed by market buy orders or withdrawn for long-term custody. Analysts point out that neutral or negative net flows typically reflect holding behavior rather than selling intent. Current data suggests that investors may be using Binance primarily for liquidity access rather than preparing for large-scale sell-offs. While short-term deposit surges may still lead to price fluctuations, the overall picture does not point to sustained selling pressure.