Data shows that almost all Bitcoin flowing into Binance is short-term "hot money."

According to CryptoOnchain's analysis of Binance's Bitcoin Day-One Dominance (DOD) chart, almost all Bitcoin flowing into Binance comes from active wallets and short-term traders. This metric measures the percentage of Bitcoin flowing in within less than a day, and it has been steadily climbing since 2022, reaching over 90% in early 2025, and recently hitting an all-time high of 99.9%.

Data indicates that: firstly, Binance has further solidified its position as a major hub for intraday, short-term, and high-frequency trading; secondly, the recent rise in Bitcoin is more driven by short-term speculation than by large-scale selling pressure from long-term holders.