Key Highlights:
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Bitcoin (BTC) inflows on Binance have decreased to 5,147 BTC, which is less than half of levels seen during past bear markets, even though BTC is trading above $105,000. This suggests a potential reduction in short-term selling pressure.
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Bitcoin has regained its 50-day EMA, a historical indicator of potential breakout rallies. Technical indicators, including an increasing spot cumulative volume delta (CVD), indicate strong demand and possible growth toward $120,000.
Bitcoin inflows and outflows on Binance offer valuable insights into market sentiment. According to CryptoQuant data, Bitcoin’s 30-day moving average (DMA) inflows dropped to 5,147 BTC as of June 24, despite BTC trading comfortably above $100,000. For comparison, the 30-DMA inflows in December 2024 were about three times higher, totaling roughly 13,200 BTC, when Bitcoin was valued at less than $100,000.
While outflows garner market attention, inflows provide a direct reflection of investor behavior, especially during derisking or profit-taking phases. Historical trends show that spikes in BTC inflows to exchanges have often preceded short- to mid-term corrections. This was particularly evident during the FTX collapse in late 2022, where monthly BTC inflows surged to about 24,000 BTC, indicating panic selling.
In contrast, the latest data presents a different scenario. Even as Bitcoin trades above the $105,000 mark, monthly inflows to Binance have fallen below bear market benchmarks. These inflows are currently less than half of the panic levels observed during the FTX crisis and significantly below the average monthly inflow of 12,000 BTC recorded since 2020.
Bitcoin researcher Axel Adler Jr. commented, “The inflow/outflow ratio remains high, akin to the end of 2023, indicating persistent demand for BTC.”
This notable decrease in inflows suggests a change in investor strategy. Instead of quickly selling during price increases, market participants seem to be holding onto their assets, indicating a drop in selling pressure. However, the overall market remains complicated, as external factors such as geopolitical events and ongoing macroeconomic concerns could still impact price movements.
Bitcoin’s Reclaiming of the 50-Day EMA Could Signal Rally Toward $120,000
Crypto trader Ibrahim Cosar noted that Bitcoin’s recent rise above the 50-day exponential moving average (EMA) may serve as a precursor to a rally toward $120,000. He pointed out that the 50-day EMA has historically acted as robust support during corrective phases and highlighted a pattern where brief dips below this level are typically followed by significant upward moves.
Additionally, crypto commentator IT Tech observed that BTC bulls are currently in control, supported by rising cumulative volume delta (CVD) indicators, which assess the net difference between buying and selling pressures over time. The increasing CVD suggests strong demand for BTC, especially around the $108,000 price level.
This article does not provide investment advice or recommendations. Every investment and trading move involves risks, and readers should conduct their own research before making any decisions.
