Summary
- The Bitcoin inflow on Binance has plummeted to 5,700, marking the lowest level since the last bear market.
- This phenomenon signals that the selling pressure on Bitcoin has disappeared and holders are retaining their coins.
- Currently, in the Binance USDT market, the price of Bitcoin is reported to be trading at $107,979, up 2.81% compared to 24 hours ago.
It has been claimed that the inflow of Bitcoin (BTC) to the global cryptocurrency exchange Binance has reached its lowest level.
On the 25th (local time), Cointelegraph reported via X (formerly Twitter) that "the amount of Bitcoin flowing into Binance has plummeted to 5,700," adding, "This is the lowest level since the last bear market." The report continued, "This means the selling pressure for Bitcoin has disappeared. Holders are keeping their coins."
As of 10:43 PM, Bitcoin is trading at $107,979 on the Binance USDT market, up 2.81% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
