Binance Supply Data Revised for New Addresses
Analysts comparing exchange-supply history should expect restated figures, as the revisions reflect broader address coverage rather than changed holdings.
Updated on Nov. 7, 2026 in Inflation
Coin Metrics revised its exchange-address data for Binance after disclosing additional addresses, changing reported exchange-supply figures without any change in actual holdings. A separate CryptoQuant analyst observed more aggressive spot selling than buying on Binance and Coinbase.
Why it matters
The revisions reflect broader address coverage rather than a shift in real exchange holdings, so readers tracking crypto-market data should expect historical figures to be restated. The October CPI release on Nov. 10 may shape broader inflation and rate expectations that can affect asset prices.
Bitcoin was quoted at $75,871 on Nov. 7, and Coin Metrics expected notable jumps in hourly and daily exchange-supply metrics after its update. The reported magnitude of those revisions was not specified in the source.
The players
Coin Metrics
A crypto data provider whose exchange-supply and trade datasets are used by market analysts and researchers tracking digital asset flows.
Binance
A large cryptocurrency exchange offering spot trading and other products to consumers, whose wallet balances feed into exchange-supply metrics.
Coinbase
A U.S.-based cryptocurrency exchange where consumers buy, sell, and hold digital assets, compared with Binance in the spot-selling observation.
Bureau of Labor Statistics
The federal agency that publishes the Consumer Price Index, the primary government gauge of household inflation that shapes borrowing costs and cost-of-living planning.
The details
Coin Metrics counts exchange balances by summing identified hot and cold wallets at the end of each interval, then calculates dollar-denominated supply by multiplying the coin balance by the USD price. When newly discovered addresses are added, historical exchange data can be revised, which is why the firm said some supply metrics would jump. Because dollar supply also depends on price, the same coin balance can show a different dollar value on different days.
Timeline
Nov. 4: Coin Metrics issued notice of its planned exchange-address data update.
Nov. 5: Expected daily supply metric changes from the data update.
Nov. 7: CryptoSlate reported the analyst's observation of spot selling outpacing buying on Binance and Coinbase.
Nov. 10 at 8:30 a.m. Eastern Time: Scheduled release of October CPI inflation data.
Money Landscape
Exchange-supply data is a methodology-driven series, so revisions like this one change the historical record without reflecting new flows of money. Inflation data such as the October CPI release is a separate, widely watched input into rate and asset-price expectations.
Readers following crypto markets should note that historical exchange-supply figures may be restated, so comparisons across dates may need adjustment. Anyone budgeting around inflation can watch the Nov. 10 CPI release for signals on prices and borrowing costs.
The takeaway
The key insight is that revised exchange data reflects better address coverage, not new money moving, so treat restated figures with care. Mark Nov. 10 on your calendar and review any inflation-sensitive budget lines once the October CPI numbers are published.
What happens next
The Bureau of Labor Statistics releases October CPI data on Tuesday, Nov. 10 at 8:30 a.m. Eastern Time, a scheduled date readers can track for inflation developments.
Further reading
For broader context on how price data shapes money decisions, explore our Inflation coverage.
