Top Bitcoin Hit-high inflow on the library on binance – if you need to worry? – Tradingview News
The bitcoin price continues its fall, falls away from your March all the time of $ 109,000. It is currently under $ 82,000, cryptocurrency has experienced a significant decline of 24.6%.
In the midst of this bear, Kruptocuant Associate Egyhash stressed the worrying development on binance, which could be further under pressure from Bitcoin’s price.
Bear feelings are held
Egyhash notes that the bynance, one of the world’s largest CRIPTO changes, see the constant growth of key metrics that indicate growing activity for sale. According to Egyhash, the average average of the middle influx of car in binansi increases, signals that investors make up more, more often deposits.
This UPTICK in inflows often precedes an increased sales activity because it proposes that more coins become available on the books on the order.
Adding to that, “Bitcoin: Exchange inflow (Top10)” Metric indicator that monitors the total scope of the wrought top ten largest inflow transactions – reached levels that have not been seen for almost a year. This transfer suggests that in Bitcoin, they cut significant quantities of Bitcoin, potentially with the intention of being sold.
Egyhash also points out that Bitcoin Bitcoin reserves are climbing, returning to the levels of the last observed in November of the previous year. The growth of exchange reserves usually reflects the increase in coins that maintained a platform, which can signal more sales pressure.
VEARSIAN signals on binance? Key metrics indicate the establishment of pressure for sale
“Bitcoin Reserve Bitcoin increased at the levels last year in November of the previous year, potentially indicates more sales pressure.” – @ Egyhashk
Read more https://t.co/vl4sdikakd pic.twitter.com/s7kb1d4is1
Further supporting this view is the ratio of Tucker Buy / Sell, which reveals that the sales of the orders are currently outweighing orders, taking a painting picture for the market.
This accumulation of inflows on the rise of factors, growing exchange reserves and the dominant bear sense – could indicate that Bitcoin path could continue.
Testing of the role of unrealized profit and loss (NUPL)
While the sale of pressure on exchanges is a significant factor, other indicators offer a broader perspective in the total sense of market.
Another cryptocuant analyst, Tugachain, recently discussed a net unrealized profit / loss (NUPL) metric, which accompanies unrealized profits and network losses to determine whether investors hold Bitcoin in profit or loss.
According to Tugbachain, NUPL is currently seated below the support level of 0.50. Historically, reading below this threshold coincided with the bear stages, while recovering can be proposed to the renewed interest in buying.
If Bitcoin closes this 0,50 marks a month, it could indicate switching to more optimistic pricing prices, which is possible to encourage long-term holders to re-enter the market.
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2025-03-01 12:30:00
