Binance BTC inflow hits new low this year! The bull's sword points to 80,000 swords, has the wind direction changed?

Data shows that Bitcoin flows into Binance have fallen to their lowest levels since 2023, while Coinbase has seen more active inflows. This divergence of flows across exchanges suggests that direct selling pressure on Binance is easing significantly.

The reason this is key is because it is generally viewed as a positive on-chain signal. When Bitcoin is "withdrawn" from exchanges or inflows decrease, it often means that holders are more inclined to hoard the currency (HODL) than prepare to sell, which reduces the potential supply on the market. Meanwhile, market bulls have firmly set their next target at the $80,000 mark.

For retail investors, this is a change in market structure that needs to be paid attention to. Shifting selling pressure could mean the main source of driving price movement is changing. In anticipation of a bull market, choosing a platform with lower fees for trading can better protect profits. Platforms like CoinRebate can help you compare the actual rates of major exchanges with one click, ensuring that every transaction cost is spent wisely.

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This article was edited by CoinRebate AI, data source: CoinTelegraph