Bitcoin Flow is Filled with Short-Term Investors

Recently, a large portion of Bitcoin flows has been directed by short-term investors, as clarified by data from Binance. According to a recent report by a CryptoQuant analyst, Binance is progressing towards becoming a hub where more short-term capital is gathered. The analyst's examination of the Day One Dominance (DOD) chart reveals that almost all of the Bitcoins coming to the exchange have been moved less than a day ago.

While the DOD ratio was around 70 percent in 2022, at the beginning of 2025, this ratio surpassed 90 percent. In the latest measurements, DOD reached an all-time high of 99.9 percent, drawing attention. This situation clearly indicates that almost all Bitcoins flowing to Binance are being moved by active wallets and short-term traders; hence, the movement of old coins held for the long term has nearly disappeared.

This situation highlights two important points. Firstly, it is clear that Binance has become a primary trading arena for short-term traders. Scalpers, investors seeking short-term opportunities, and high-frequency trading algorithms are directing the volume on the exchange. The second point is the dynamics of the recent price rally. The increase in Bitcoin prices occurring simultaneously with this trend suggests that the rally is primarily fueled by speculative hot money.

According to the CryptoQuant analyst, the almost negligible entry of old coins can be seen as a positive signal because it means that long-term investors are not creating selling pressure. However, the current structure, consisting almost entirely of hot money, makes the market more susceptible to sudden changes in sentiment and short-term fluctuations. Data indicates that Binance has now transformed into a market dynamic characterized by rapidly circulating capital.