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Bybit flows: collateral in, profits out.

Over the last 30 days whales deposited $82.7M in coins to Bybit and withdrew $54.8M — a net inflow of $27.9M, reading as distribution.

Live tracking of whale-size deposits and withdrawals on Bybit. On a derivatives-first venue, deposits often post collateral rather than signal spot selling — so this page splits coins from stablecoins and lets you read margin flow separately.

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Gross flow 30d $247.7M 437 transfers
Coin deposits $82.7M potential sell-side supply
Coin withdrawals $54.8M moving toward custody
Coin netflow $27.9M in distribution
Stablecoin netflow $110.2M in buying power arriving
Largest move $110.2M single transfer, 30d
Flow momentum

Daily deposits vs withdrawals

Whale-size coin flow through Bybit by day. Bars above the line are withdrawals leaving the exchange; bars below are deposits arriving.

Jun 6 — deposits $385.5K, withdrawals $665.6K Jun 7 — deposits $370.3K, withdrawals $147.3K Jun 8 — deposits $1.1M, withdrawals $734.5K Jun 9 — deposits $4.2M, withdrawals $347.1K Jun 10 — deposits $1.2M, withdrawals $580.7K Jun 11 — deposits $161.9K, withdrawals $198.7K Jun 12 — deposits $1M, withdrawals $144.4K Jun 13 — deposits $734.7K, withdrawals $2.1M Jun 14 — deposits $663.7K, withdrawals $620.6K Jun 15 — deposits $1.6M, withdrawals $1.3M Jun 16 — deposits $3.5M, withdrawals $1.2M Jun 17 — deposits $1.6M, withdrawals $107.9K Jun 18 — deposits $877.4K, withdrawals $280.4K Jun 19 — deposits $797.6K, withdrawals $179.8K Jun 20 — deposits $662.5K, withdrawals $2.2M Jun 21 — deposits $318.6K, withdrawals $241.3K Jun 22 — deposits $1M, withdrawals $2.7M Jun 23 — deposits $1M, withdrawals $1.1M Jun 24 — deposits $2.3M, withdrawals $2.3M Jun 25 — deposits $1.1M, withdrawals $782.6K Jun 26 — deposits $645.5K, withdrawals $2.3M Jun 27 — deposits $344.2K, withdrawals $511K Jun 28 — deposits $0, withdrawals $0 Jun 29 — deposits $962.5K, withdrawals $966.1K Jun 30 — deposits $4.6M, withdrawals $3.2M Jul 1 — deposits $44.4M, withdrawals $24.4M Jul 2 — deposits $2.7M, withdrawals $834.2K Jul 3 — deposits $2.4M, withdrawals $2.1M Jul 4 — deposits $1.1M, withdrawals $1.4M Jul 5 — deposits $980.8K, withdrawals $756.2K
Two currencies of flow

Coins vs stablecoins

The two flows mean opposite things: coin outflow leans bullish, while stablecoin inflow stages buying power on Bybit.

Coins

Distribution
$82.7M in $54.8M out

Over the last 30 days whales deposited $82.7M in coins to Bybit and withdrew $54.8M — a net inflow of $27.9M, reading as distribution.

Stablecoins

Buying power
$110.2M in $0 out

Stablecoins moved the other way: $110.2M more arrived on Bybit than left in 30 days — buying power positioned on the venue.

Record moves

Biggest Bybit moves

The largest external deposits and withdrawals in the last 30 days. Every row links to the on-chain record.

Biggest deposits

  1. 01 $110.2M from 0xc688...e20b · Jun 12, 06:05 PM UTC USDC
  2. 02 $42.5M from 0x0a89...d908 · Jul 1, 02:09 AM UTC ETH
  3. 03 $2.5M from 0xe853...5743 · Jun 16, 03:34 AM UTC WLFI
  4. 04 $2.1M from Binance: Hot Wallet · Jun 30, 07:04 AM UTC WLD
  5. 05 $2M from Binance: Hot Wallet · Jun 30, 01:48 PM UTC WLD
  6. 06 $2M from Binance: Hot Wallet · Jun 9, 05:19 AM UTC WLD

Biggest withdrawals

  1. 01 $23.8M to Mantle: LSP Staking · Jul 1, 02:53 AM UTC ETH
  2. 02 $2.1M to Crypto.com Deposit · Jun 13, 09:21 AM UTC XAUT
  3. 03 $2.1M to Crypto.com Deposit · Jun 22, 01:15 PM UTC XAUT
  4. 04 $1.9M to TBVR8Z...hPJW · Jun 24, 07:01 AM UTC TRX
  5. 05 $1.3M to Flow Traders · Jun 26, 02:10 AM UTC AAVE
  6. 06 $852.6K to Binance Deposit · Jun 20, 07:54 AM UTC ENA
Live feed

Live Bybit flow feed

The latest whale-size transfers where a labeled Bybit wallet faces an external counterparty.

Updated Jul 5, 05:59 PM UTC
Withdrawal SHIB icon SHIB $114.8K Binance Deposit Jul 5, 03:48 PM UTC →
Deposit ENA icon ENA $103.9K Wintermute: Hot Wallet Jul 5, 03:12 PM UTC →
Deposit WLFI icon WLFI $92.7K 0x348d...0d07 Jul 5, 02:18 PM UTC →
Deposit ETHFI icon ETHFI $42.1K Upbit: Hot Wallet Jul 5, 01:20 PM UTC →
Deposit ETHFI icon ETHFI $42.1K Upbit: Hot Wallet Jul 5, 01:20 PM UTC →
Withdrawal ETHFI icon ETHFI $90K Upbit Deposit Jul 5, 12:23 PM UTC →
Withdrawal WLFI icon WLFI $90.2K Upbit Deposit Jul 5, 12:11 PM UTC →
Deposit ETHFI icon ETHFI $42.6K Upbit: Hot Wallet Jul 5, 11:08 AM UTC →
Deposit ETHFI icon ETHFI $104.9K Wintermute: Bybit Deposit Jul 5, 09:49 AM UTC →
Deposit ETHFI icon ETHFI $41.9K Upbit: Hot Wallet Jul 5, 09:46 AM UTC →
Deposit ETHFI icon ETHFI $41.9K Upbit: Hot Wallet Jul 5, 09:46 AM UTC →
Deposit ETHFI icon ETHFI $67.1K Binance: Hot Wallet Jul 5, 09:43 AM UTC →
Withdrawal ETHFI icon ETHFI $89.7K Upbit Deposit Jul 5, 07:52 AM UTC →
Deposit ETHFI icon ETHFI $42K Upbit: Hot Wallet Jul 5, 02:59 AM UTC →
This is the public preview of the Bybit flow feed.

Use the dashboard for full history, per-asset filters, and every labeled wallet route.

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Asset mix

What is flowing through Bybit

External deposit and withdrawal volume by asset over the last 30 days.

USDC $110.2M in $0 out $110.2M in ETH $42.5M in $23.8M out $18.7M in WLD $7.9M in $5M out $2.8M in ONDO $11.8M in $612.3K out $11.2M in ETHFI $4.9M in $4.8M out $125.8K in ENA $3.1M in $2.1M out $1.1M in WLFI $3.7M in $812.4K out $2.8M in XAUT $0 in $4.2M out $4.2M out
Counterparties

Who is moving money on Bybit

Labeled entities on the other side of Bybit transfers in the last 30 days, ranked by USD volume.

Upbit $13M 222 transfers · mostly withdrawals out Binance $11.8M 20 transfers · mostly deposits in Coinbase $9M 20 transfers · mostly deposits in Wintermute $6.4M 69 transfers · mostly deposits in Crypto.com $4.2M 2 transfers · mostly withdrawals out Bitget $2.6M 10 transfers · mostly withdrawals out
Behavior

How Bybit flow behaves

Derivatives-first exchanges leave a recognizable flow footprint. These are the patterns this page is built to surface.

Deposits are often collateral

On Bybit, whale deposits frequently post margin for perpetuals and options rather than queue for spot sale. Rising deposits alongside rising open interest is a leverage story, not necessarily a selling one.

Stablecoin flow tracks risk appetite

Stablecoins are the default collateral. Heavy stablecoin inflow to Bybit usually means traders are arming positions; heavy outflow often follows deleveraging or profit-taking.

Withdrawals after volatility

Large coin withdrawals that cluster right after volatile sessions often represent profits or rescued collateral leaving the venue — a different signal from slow accumulation-style outflow.

How to read Bybit exchange flows

Bybit is a derivatives-first exchange, and that changes what its wallet flows mean. On spot venues, a coin deposit is potential sell supply. On Bybit, the same deposit may simply post collateral for a leveraged position — long or short. Reading the coin and stablecoin buckets separately, as this page does, is the only way to keep those stories apart.

A practical way to read this page: treat stablecoin netflow as the leverage gauge. Sustained stablecoin inflow means margin is being staged; sharp stablecoin outflow often follows liquidation cascades or de-risking. Coin netflow still matters — persistent coin withdrawals read as custody-bound just like anywhere else — but expect it to be noisier around big derivative expiries.

Keep the conclusion narrow. Derivative venue flows are entangled with positions you cannot see on-chain. This page gives you the verified wallet legs — amounts, USD values, counterparties, and transaction links — so flow claims about Bybit can be checked instead of assumed.

FAQ

Bybit exchange flows FAQ

Short answers about Bybit deposits, withdrawals, netflow, and alerts.

What are Bybit exchange flows?

Bybit exchange flows are whale-size transfers between Bybit wallets and external addresses. Because Bybit is derivatives-focused, deposits often fund margin accounts rather than spot selling. Internal wallet rotation is excluded from all numbers on this page.

Is a big deposit to Bybit bearish?

Less reliably than on spot exchanges. A coin deposit may collateralize a long position just as easily as precede a sale. Stablecoin flow direction plus the persistence of coin netflow over days is the more informative combination here.

Why do Bybit flows spike around volatile days?

Margin calls, liquidations, and profit-taking all force funds to move. Deposit spikes during drawdowns usually mean collateral top-ups; withdrawal spikes after rallies usually mean profits leaving the venue.

How are Bybit wallets identified?

Whale Alerts maintains a labeling system that links known Bybit deposit, hot, and cold wallet addresses to the exchange. Only transfers where a labeled Bybit wallet appears on exactly one side are counted as deposits or withdrawals — transfers between two Bybit wallets are treated as internal and excluded.

Can I get alerts when whales move funds to or from Bybit?

Yes. Notable exchange inflows and outflows are published through Telegram alerts, and the dashboard lets you filter the full transfer feed for deeper Bybit history.

Never miss a Bybit flow shift.

Use the dashboard for full Bybit history and filters, or follow Telegram alerts when whale-size deposits and withdrawals hit the monitored feed.

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