Binance inflow addresses for Fetch.ai (FET) collapsed 92% over the past week, while total exchange inflows dropped 71%, according to on-chain data from CryptoOnchain. The sharp decline in new tokens arriving on the exchange, combined with a 20% depletion of FET reserves on Binance over the past 90 days, points to a growing supply squeeze. The combination — an 'inflow drought' paired with dwindling inventory — is creating unusual tightness on the supply side.
The inflow drought
CryptoOnchain's analysis of Binance-specific flow metrics shows FET's netflow dropped 557% over the week, pushing the reading deeply negative. That means far more FET is leaving the exchange than coming in. With inflow addresses down 92%, the pipeline of fresh tokens for sale has all but dried up. The reserve depletion over the past three months adds to the picture: there's simply less FET sitting on Binance to meet potential buy demand.
Price action and support
FET has spent weeks consolidating above $0.20 after extended sideways trading. The price remains stuck below the 50-week, 100-week, and 200-week moving averages — a bearish macro structure that suggests the broader trend is still pointing down. But buyers have repeatedly defended the $0.15–$0.18 region, and volume spikes in those dips suggest absorption rather than panicked selling. It's a market waiting for a catalyst.
What a recovery would take
CryptoOnchain notes that reclaiming the 50-week moving average near $0.35 would be a major signal of trend recovery. That's still about 75% above current levels. Whether the supply tightness eventually forces a breakout or macro headwinds continue to cap FET remains the open question. For now, traders are watching whether the inflow drought persists — and whether it starts to show up in order-book depth.
