Bitcoin Inflows to Binance Suggest Potential Sell Pressure
- For the past ten days, a net amount of Bitcoin has been flowing into Binance, indicating potential sell activity.
- On May 16th, net inflows to Binance wallets were recorded at 378 BTC, increasing to over three times that amount by today with a net inflow of 1,190 BTC.
- The largest single-day inflow was on May 18th, with over 3,600 BTC entering Binance-associated wallets.
- The Exchange Reserve on Binance rose from a low of approximately 616,000 BTC on April 24th to about 632,000 BTC recently.
- At the time of writing, Bitcoin’s price remains stable around $77,400 despite these inflows.
Source:newsbtc.com
Source:x.com/Darkfost_Coc/status/2058796959192740054
Source:CryptoQuant
