{"id":16351,"date":"2024-07-26T13:20:11","date_gmt":"2024-07-26T13:20:11","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=16351"},"modified":"2024-07-26T13:20:11","modified_gmt":"2024-07-26T13:20:11","slug":"bitcoin-deposits-increase-on-binance-amid-selling-concerns","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/bitcoin-deposits-increase-on-binance-amid-selling-concerns\/","title":{"rendered":"Bitcoin Deposits Increase on Binance Amid Selling Concerns"},"content":{"rendered":"\n<p>Recent on-chain data indicates that Binance has experienced significant net inflows of Bitcoin, raising concerns that the downward trend of BTC may continue.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_Binance_Netflow_Turns_Positive\"><\/span>Bitcoin Binance Netflow Turns Positive<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In a recent update shared by Maartunn from the CryptoQuant community on X, the focus was on the current trend of Bitcoin exchange netflow specifically on Binance.<\/p>\n<p>The term &#8220;exchange netflow&#8221; refers to a metric that tracks the net amount of Bitcoin entering or exiting wallets associated with a particular exchange, calculated by subtracting outflows from inflows.<\/p>\n<p>A positive value suggests more Bitcoin is entering the exchange than leaving, usually indicating selling activity. Conversely, a negative value implies withdrawals from the exchange, signaling a bullish outlook as investors may be holding onto their coins.<\/p>\n<p>The provided chart illustrates the recent positive trend in Bitcoin exchange netflow on Binance:<\/p>\n<p><\/p>\n<p>Despite the recent price drop, Binance has seen continued net deposits, suggesting an influx of Bitcoin on the platform. This trend implies a potential increase in selling activity by large holders.<\/p>\n<p>Bitcoin has shown signs of recovery following these net inflows into the leading cryptocurrency exchange, indicating that major sellers may not have executed their trades yet.<\/p>\n<p>It remains uncertain whether these deposits will further contribute to the bearish market or if they serve other purposes beyond selling.<\/p>\n<p>Furthermore, a significant BTC whale recently moved 700 BTC, valued at approximately $45.4 million, that had been idle for over a decade.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone aligncenter\" src=\"https:\/\/www.bitrabo.com\/discover\/wp-content\/uploads\/2024\/07\/1721999944_949_Bitcoin-Deposits-To-Binance-Spike-Selling-Not-Over-Yet.jpeg\" alt=\"Bitcoin Spent Output Age Bands\" width=\"4000\" height=\"2250\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Price_Movement_of_Bitcoin\"><\/span>Price Movement of Bitcoin<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitcoin&#8217;s price briefly dropped to $63,400 but has since recovered to $64,800.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-medium aligncenter\" src=\"https:\/\/www.bitrabo.com\/discover\/wp-content\/uploads\/2024\/07\/Bitcoin-Deposits-To-Binance-Spike-Selling-Not-Over-Yet\" alt=\"Bitcoin Price Chart\" width=\"1534\" height=\"854\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recent on-chain data indicates that Binance has experienced significant net inflows of Bitcoin, raising concerns that the downward trend of BTC may continue. Bitcoin Binance Netflow Turns Positive In a recent update shared by Maartunn from the CryptoQuant community on X, the focus was on the current trend of Bitcoin exchange netflow specifically on Binance. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16352,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Bitcoin Deposits Increase on Binance Amid Selling Concerns - Bitrabo","description":"Recent on-chain data indicates that Binance has experienced significant net inflows of Bitcoin, raising concerns that the downward trend of BTC may continue. Bi"},"footnotes":""},"categories":[316],"tags":[347,448,3351,6567,499,1120],"class_list":["post-16351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-binance","tag-bitcoin","tag-deposits","tag-not-over","tag-selling","tag-spike"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/16351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=16351"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/16351\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/16352"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=16351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=16351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=16351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}