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BTC Inflows to Binance continue to decline : A sign of weakening selling pressure.
The Selling pressure on Binance is gradually decreasing while we move further into this cycle. We will compare this with other exchanges, but given the significant trading volumes on Binance, tracking certain metrics from this platform can offer valuable insights. A decline in selling pressure here can be interpreted as a positive signal The first chart shows the number of BTC flowing into Binance, these inflows are typically associated as a selling pressure. Since late 2024, we can observe a steady decline in BTC inflows to Binance. Despite a few spikes ranging between 17 000 and 30 000 BTC, the broader trend remains intact. This trend is further confirmed when we include Coinbase (Advanced) and other exchanges, which show a similar pattern. Let’s hope this trend continues…