Bitcoin Selling Pressure Weak As Binance Inflows Stay Subdued – Can BTC Sustain Its Rally?

Bitcoin (BTC) continues to trade close to its new all-time high (ATH) of $111,980, set earlier this week. While some argue that the top digital asset may be running out of steam, Binance exchange flow data suggests that certain investor groups are reluctant to sell their BTC just yet, expecting further upside. Bitcoin Inflows To Binance Suggest Further Upside Possible According to a recent CryptoQuant Quicktake post by on-chain analyst Darkfost, analyzing BTC inflows to Binance from both short-term holders (STHs) and long-term holders (LTHs) can offer meaningful insights into selling pressure and its potential impact on price. Related Reading: Bitcoin Eyeing $112,000 After Bullish Double Bottom Breakout, Analyst Says Darkfost noted that STHs tend to be the most reactive and emotionally driven investor group when it comes to market movements source: https://www.newsbtc.com/bitcoin-news/bitcoin-selling-pressure-weak-as-binance-inflows-stay-subdued-can-btc-sustain-its-rally/