COINDREAM
<Bitcoin Is Not at the Bottom Yet — Prepare for Further Decline>
I recently shared a bearish outlook, and I still believe there’s a high chance that Bitcoin will continue showing weakness. 1. Average BTC Deposit Volume has surpassed 0.9, signaling rising selling pressure. Historically, when Binance’s average deposit volume increased, Bitcoin’s price tended to react negatively. 2. Binance Exchange Reserves have exceeded 580K BTC. When Bitcoin accumulates within an exchange, it’s typically seen as potential sell pressure. Unless there’s strong demand to absorb it, this trend tends to act as a bearish factor. Notably, recent increases in Binance reserves have correlated with price weakness. 3. Net Exchange Flows continue to indicate bearish sentiment. Yesterday, net inflows surpassed **5K BTC**, marking the strongest sell pressure since Bitcoin broke below 110* total withdrawals. Conclusion: Selling pressure is increasing while demand remains weak. A true market bottom usually shows strong demand inflows — but current on-chain data, such as market buy volume and other demand indicators, do not yet signal a bottom. Caution is advised, as further downside remains likely.