Binance Logs 10 Straight Days of Bitcoin Net Inflows, Signaling Potential Selling Pressure

Binance has recorded about 10 straight days of net Bitcoin inflows, a trend often interpreted as a sign of potential selling pressure or defensive repositioning as coins move onto a major exchange.

BlockBeats, a crypto news outlet, reported on May 25 that analyst Darkfost wrote on social media that Bitcoin inflows to Binance have remained notably strong since May 16.

According to Darkfost, Binance’s seven-day average Bitcoin inflow rose to 1,190 on May 25 from 378 on May 16, more than tripling in 10 days. On May 18, daily inflows exceeded 3,600 Bitcoin.

Binance’s Bitcoin holdings also increased. The exchange’s Bitcoin reserve recovered to 632,000 on May 25 after falling to a low of 616,000 on April 24, an increase of about 16,000 Bitcoin over the past month.

Markets tend to read sustained net inflows to major exchanges as a sign of potential selling pressure. Investors who move Bitcoin to exchanges may be preparing to sell, reduce exposure or make defensive portfolio adjustments.

Over the same period, Bitcoin at one point fell about 6.2%. BlockBeats said the market is in a correction phase driven by geopolitical tensions, with risk assets broadly under pressure.