Amr Taha
BTC Under Pressure — Binance derivatives and whale activity point to increasing selling pressure
📰 Daily Market Update: BTC saw a second wave of aggressive selling pressure 📊 Binance - BTC Price & OI Percent Change 24h / 7D 🤔 What is Net Taker Volume in short? It's an indicator that measures "aggression" in the market. It represents market buy orders and market sell orders, specifically on Binance Futures markets. 📈 Positive Value (Upward Blue Bars): Indicates that buyers are "urgent," purchasing immediately at the Ask price, which drives the price upward. 📉 Negative Value (Downward Blue Bars): Indicates that sellers are selling immediately at the Bid price, a trend clearly visible at the end of the current chart. 🔬 Key observation: 📆 Since mid-January, Net Taker Volume has been mostly negative, highlighted by the arrows on the chart. 📉 On January 20, Net Taker Volume printed a large negative reading of –$319M. 📉 This is the second time Net Taker Volume exceeds –$300M. 📆 The previous occurrence was on January 16, when BTC was trading above $95,000. 📉 Shortly after that signal, Bitcoin dropped below $90,000. 📊 Whales Screener – Real-Time Netflows The Whale Screener tracks real-time deposits and withdrawals of BTC, ETH, and stablecoins from over 100 active whale wallets, moving in and out of spot exchanges. 🔬 Key observation: 📆On January 20, whale wallets deposited more than $400M worth of BTC into spot exchanges (orange arrow). 📈 This marks the second major BTC deposit spike in a short period. 📈 The first was $500M on Jan 15, which was followed by a sharp BTC drop from $96K ⏲️ Historically, large BTC deposits to spot exchanges usually indicate preparation to sell or at least an increase in available liquidity for distribution. 🧠 Final Thoughts Tracking whale BTC flows to spot exchanges and Net Taker Volume behavior on Binance derivatives gives us early insight into what smart money might be doing — sometimes before price reacts.