Bitcoin News Today: Crypto Market Corrects, But Binance's Inflows Soar

The cryptocurrency market's ongoing 2025 correction has underscored Binance's entrenched dominance in global trading volumes, as the exchange continues to outperform peers despite declining overall activity. On-chain data from analytics firm CryptoQuant reveals Binance processed $25 billion in spot trading and $62 billion in perpetual futures over the last 24 hours, far outpacing competitors like Crypto.com ($4.6 billion in spot) and OKX ($36 billion in futures) according to CryptoQuant. This leadership is bolstered by record stablecoin reserves, with Binance's USDT and USDC holdings surging to $51.1 billion as of November 15, a 579% increase from earlier in the month. Such reserves have drawn $29 billion in stablecoin deposits to Binance this November, outpacing Coinbase's $19 billion and solidifying the platform's role as a liquidity hub during market volatility.

The broader market correction has seen spot trading volumes plummet from a peak of $150 billion in October to $65 billion currently, while perpetual futures volumes have dropped from $360 billion to $170 billion according to market data. Despite this decline, inflows into exchanges have paradoxically risen, particularly in stablecoins and major cryptocurrencies. Bitcoin and Ethereum inflows reached $40 billion in the past week, with Binance capturing $15 billion-over a third of the total-while Coinbase secured $11 billion according to recent reports. Altcoin inflows also remain elevated, with daily deposits peaking at 77,000 in mid-October, though Binance and Coinbase now handle 19,000 and 8,000 daily deposits, respectively according to volume data.

Binance's resilience is further highlighted by its ability to attract large institutional and retail capital. The exchange's stablecoin reserves have become a critical buffer against outflows, with experts noting historical correlations between high stablecoin balances and recovery phases post-correction. Meanwhile, Bitcoin whale activity has intensified selling pressure, with 9,000 BTC deposited on exchanges on November 21-45% from large holders-raising concerns about further price declines according to exchange data. These deposits, averaging 1.23 BTC per transaction, signal aggressive offloading by large investors, pushing Bitcoin's price to seven-month lows of $80,600.

The market's dynamics are further complicated by ETF inflows. Bitcoin spot ETFs drew $128.7 billion in inflows on a recent Tuesday, while Ethereum ETFs ended an eight-day outflow streak with $78.6 billion on November 25, according to market reports, reflecting institutional confidence amid retail caution. However, surging retail futures activity suggests potential overbought conditions, with CryptoQuant warning of speculative corrections linked to high trader frequency.

As the correction persists, Binance's leadership in liquidity provision and stablecoin management positions it as a linchpin for market stability. While retail investors remain cautious, institutional inflows and strategic capital rotation into stablecoins indicate a broader shift toward risk mitigation. The path forward will likely hinge on whether Binance's infrastructure can sustain these inflows and whether macroeconomic factors, such as regulatory developments or macroeconomic data, alter the trajectory of the correction.