INSUBCONTINENT EXCLUSIVE:
above $105,000, signaling a possible decline in short-term selling pressure.Bitcoin has reclaimed its 50-day EMA, historically a signal for
Technical indicators, including rising spot CVD, point to strong spot demand and potential upside toward $120,000.Bitcoin (BTC) inflows and
outflows on Binance can reveal insights into market sentiment
trading comfortably above $100,000
In fact, the 30-DMA inflows in December 2024 were around three times higher, with 13,200 BTC on Dec
Source: CryptoQuantWhile outflows draw market attention, inflows can directly reflect investor behavior, especially during derisking and
Historically, spikes in BTC inflows to exchanges have corresponded with local market tops, preceding short to mid-term corrections
This behavior was evident during the FTX collapse in late 2022, when monthly BTC inflows surged to roughly 24,000 BTC, reflecting panic
selling.In contrast, the latest data paints a different picture
Despite Bitcoin trading above the $105,000 mark, monthly inflows to Binance have plunged below bear market benchmarks
This figure is less than half the panic levels seen during the FTX and significantly lower than the average monthly inflow of 12,000 BTC
Bitcoin researcher Axel Adler Jr
Inflow/Outflow Ratio chart
Source: Axel Adler Jr/XThis pronounced drop in inflows strongly suggests a shift in investor strategy
Rather than rushing to sell into strength, market participants appear to be holding onto their coins, signaling a reduction in selling
Still, the broader environment remains complex
While the data hints at a more confident, long-term investor base, price action could still be vulnerable to external shocks.Related:
exponential moving average (EMA) may set the stage for a rally toward $120,000.According to Cosar, the 50-day EMA remains a key technical
level that has historically acted as strong support during corrective phases within uptrends
He noted a recurring pattern where brief dips below this level, followed by quick recoveries, exhibit bullish breakouts of 10% to 20%
Source: Ibrahim Cosar/CryptoQuantAdditionally, crypto commentator IT Tech pointed out that BTC bulls are in control, driven by a rising
cumulative volume delta (CVD) spot indicator
The CVD indicator measures the net difference between buying and selling pressure over time by aggregating volume data to reveal the balance
of market participant behavior
Source: XRelated: Bitcoin ETFs log biggest June inflows at $588M, extend 11-day streakThis article does not contain investment advice or
Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
