On-chain analyst: Bitcoin flow from Binance may indicate selling pressure in the next one to two weeks

ChainCatcher news, according to NewBTC, on-chain analyst BorisVest stated that based on the analysis of fund flows on Binance, Bitcoin prices may face selling pressure in the next one to two weeks. Data shows that the net flow of Bitcoin on Binance has turned positive, while outflows have decreased. This trend indicates that Bitcoin is in a distribution phase. Additionally, Binance's trading reserves continue to grow, suggesting that investors are sending their Bitcoin to the exchange to sell for profit.

BorisVest pointed out that Binance's massive trading volume plays a crucial role in influencing the reasons and methods affecting the cryptocurrency market. Therefore, as new buyers enter, whale sell-offs often exert significant selling pressure on Bitcoin prices.