Bitcoin "smart money" keeps buying as broader market sells; Binance whale inflows drop below $3B (30-day)

Institutional-style buyers appear to be accumulating Bitcoin even as many participants sell into rebounds. CryptoQuant data show Binance whale inflows fell below $3 billion on a 30-day basis for the first time since June 2025. On April 9 alone, long-term holders absorbed $49 billion worth of BTC. Short-term holders continue to realize losses at a pace of -$54 billion, suggesting recent buyers are distributing into each rally attempt while long-term holders take the other side. A similar large-scale setup during the April 2025 correction preceded Bitcoin's run from $76,000 to $126,000. Exchange reserves have now declined to a nine-year low, tightening the pool of coins available for sale. The strongest-hands cohort also logged its most aggressive accumulation month since 2013.