Top Bitcoin Inflows Hit Year-High on Binance – Should You Be Concerned?
Bitcoin’s price continues to fall, from its all-time high of $109,000 in March. The cryptocurrency is currently trading below $82,000, which has seen a 24.6% drop.
In this bearish trend, crypto contributor Egypt has Highlight The unsettling binance development may further pressure the price of Bitcoin.
Bearish sentiment
Egypthash Grow Seller Events. According to Egypthash, the 7-day moving average of average coins flowing into binary is increasing, suggesting that investors are creating larger, more frequent deposits.
This rise in inflow is usually preceded by Increased sales activitieswhich shows that there are more coins available on the exchange’s order book.
Beyond that, the “Bitcoin: Exchange Inflow (TOP10)” metric, which tracks the total amount of coins in the top 10 largest inflow transactions – reaching levels in nearly a year’s level. This surge shows that a large number of Bitcoins are Transferred to binancepossible intention to sell.
Egypthash also noted that Binance’s Bitcoin reserves are climbing, returning to levels last November. The rise in exchange reserves usually reflects an increase in coins held by the platform, which may indicate greater sales pressure.
Bearish signal? Key indicators point to increased selling pressure
“Binance’s Bitcoin reserves have risen to the last observed levels in November of the previous year, which may indicate greater sales pressure.” – By @egyhashx
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https://t.co/vl4sdixakd pic.twitter.com/y7qb1d4is1
– cryptoquant.com (@cryptoquant_com) February 28, 2025
Taker’s buy-sell ratio further supports this view, which reveals that current sell orders exceed buy orders, as bearish pictures on the market.
The accumulation of such factors – increasing inflows, growing exchange reserves and dominant bearishness – may indicate Bitcoin’s Downward track It may continue.
Study the role of unrealized profit and loss (NUPL)
While sales pressure on exchanges is an important factor, other indicators provide a broader perspective on the overall sentiment of the market.
Another recent crypto analyst, Tugbachain, discuss Net Unrealized Profit/Loss (NUPL) metric, which tracks unrealized profits and losses on the network to determine whether investors are on average in gains or losses on holding Bitcoin.
According to Tugbachain, NUPL is currently below the 0.50 support level. Historically, readings below this threshold are Bearish stagealthough the above recovery can indicate new purchase interest.
If Bitcoin ends monthly in February above this 0.50 mark, it may indicate a shift toward more optimistic price action, which may encourage long-term holders to re-enter the market.
Feature images created with DALL-E, TradingView’s chart
