Cryptocurrency analyst Darkfost stated that Bitcoin has risen over 23% in the past three days. As the price rapidly increases, signs of profit-taking in the market have begun to emerge, with approximately 53,000 BTC flowing into major exchanges, of which about 17,800 BTC transferred to Binance.

It is noteworthy that all of the 17,800 BTC flowing into Binance came from short-term holders, particularly investors who held for less than a day. In contrast, long-term holders who have held BTC for over six months did not transfer any BTC to Binance. This indicates that the current influx of funds is primarily driven by short-term speculative capital, rather than structural selling by long-term holders.

Data shows that this is the largest influx of BTC into Binance since February 2026. In February of this year, short-term holders experienced a significant market capitulation. Currently, short-term funds are once again flowing in and out of exchanges on a large scale, reflecting a notable increase in speculative trading activity, and these brief and sudden capital movements are driving the volatility of the cryptocurrency market back up.