Analysis: The recent Bitcoin inflow to Binance has mostly originated from active wallets and short-term traders

BlockBeats News, November 19th, according to CryptoOnchain's analysis of the Bitcoin Day-One Dominance (DOD) chart on Binance, it revealed a notable structural trend on the world's largest cryptocurrency exchange.

DOD measures the percentage of Bitcoin inflows that have been held for less than a day out of the total inflow, reflecting how much of the funds flowing into Binance are market-active "hot money." The data shows that this metric surged from about 70% in 2022, broke through the 90% mark in early 2025, and recently hit a historical high of close to 100% (99.9%).

This significant growth indicates that almost all Bitcoin flowing into Binance is coming from active wallets and short-term traders, rather than long-term holders selling off. This highlights two key points:

Trading Hub: Binance has more than ever solidified its position as the primary battleground for day traders, short-term traders, and High-Frequency Trading (HFT) algorithms.

Speculative Drive: This trend, in sync with the rise in Bitcoin's price, suggests that the recent volatility is mainly driven by short-term speculative funds rather than selling pressure from long-time investors.