- Bitcoin drops after a brief rally as bears regain control.
- Selling pressure on Binance has eased, hinting at possible accumulation.
- Traders remain cautious as macro factors cloud market sentiment.
Bitcoin — BTC, saw another short-lived bounce before sellers stepped back in. The crypto market slipped 3%, bringing the total value to $3.66 trillion. Bitcoin fell from over $111,700 to around $108,000 as traders reacted to global uncertainty. However, fresh data from Binance offers a glimmer of hope. Analysts say the selling pressure there has faded, suggesting accumulation could be quietly building beneath the surface.
Binance Data Signals Calm Before the Next Move
CryptoQuant analyst Burak Kesmeci shared data showing Bitcoin’s net flows to Binance have stayed negative for 30 days. That means more coins are leaving the exchange than entering, which often signals holders are moving Bitcoin off exchanges to store long-term. Kesmeci described this pattern as part of an “accumulation phase,” hinting that patient investors are preparing for the next big move. Kesmeci also reminded traders that “daily noise doesn’t define the trend.”
He believes the 30-day average tells a more reliable story than day-to-day swings. Still, Bitcoin outflows don’t necessarily guarantee a price rebound. CoinGlass data shows $108 million in Tether inflows to Binance in the past 24 hours. That suggests some buying activity, but overall demand remains modest. Across the top 13 exchanges, USDT outflows totaled $93 million, confirming weak capital inflows into the broader market.
Macro Pressures Keep Traders on Edge
The uncertainty caused by the recent threat of tariffs on China is still the main reason why investors of risk assets are reluctant to buy. As a result of the announcement, there was an exodus of $19.35 billion worth of liquidations and a $400 billion crypto selloff. The exuberance created by the Fed’s “Payments Innovation Conference” and Senator Kirsten Gillibrand’s pro-crypto roundtable couldn’t bring back the lost trust.
Investors now make their decisions in a very brief time, mostly based on news, while ignoring fundamentals. The volatility is still at a high level, and the traders are cautious, waiting for some economic clarity before they decide to make large transactions. The majority of analysts foresee that Bitcoin will remain in a consolidation phase between the present levels until more potent catalysts come into play.
At the moment, the reduction of the selling pressure on Binance is providing some relief to the market. The negative net flows indicate that there are less traders who are eager to sell. Still, the poor stablecoin inflows suggest that large buyers are waiting to take the plunge. The next few days will determine Bitcoin’s trajectory. Market participants are closely monitoring volume, exchange inflows, and overall market sentiment.
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