Weekly order flow: $1.48bn of net selling, 47% of it stablecoin rotation
Bitcoin (BTC)
Whalio tracked net taker selling of $1.48bn across the 146 Binance spot markets it monitors for the week ending 4 October 2026. In the preceding week, takers were net buyers of $132.5M. Turnover totalled $54.05bn, compared with $60.61bn previously.
The headline figure reflects stablecoin activity more than broader crypto trends. Dollar-pegged pairs contributed $634.1M of that flow against $21.77bn of turnover, while gold-backed tokens added a further $58.5M.
Excluding these, the remaining 138 markets saw net selling of $788.4M on $31.94bn of turnover. On the same basis, the previous week recorded -$79.4M.
Breadth: 58 of the 146 coins measured finished the week higher.
The markets attracting the most net buying were Ripple USD at $87.9M; Hyperliquid at $14.6M despite a price fall of 1.26%; Quant at $11.2M against a price fall of 11.77%; and Avalanche at $10.7M against a price gain of 1.82%.
The markets experiencing the most net selling were USDC at $625M; Bitcoin at $480.8M against a price gain of 2.44%; Ethereum at $161.9M against a price gain of 1.42%; and World Liberty Financial USD at $104.4M.
These figures relate to Binance spot markets only. Taker flow indicates which side crossed the spread, not capital entering or leaving the asset class. The data does not capture futures, options, or trading on other order books.
The measurements
Computed by Whalio from closed Binance spot candles. Every figure on this page can be reproduced from the same public exchange data; the method is on the methodology page.
Net flow is the sum of every trade that lifted an offer minus every trade that hit a bid, counted in dollars across the 146 Binance spot markets Whalio tracks. Stablecoin pairs are reported separately because flow there is one dollar token being rotated into another, which is not the same thing as risk being taken or cut.
The latest daily buy ratio of 46.7% sits at the 18th percentile of the last 322 days, against a median of 49.2% - weaker buying than most days.
For scale
What these measurements normally look like, so the figures above can be told from ordinary ones.
The same window a week earlier ran +$132.5M on $60.61bn of turnover, and -$79.4M once stablecoins and gold tokens are excluded.