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Bitcoin News Today: $479M Flows Into Binance as Traders Watch for Potential Cycle Bottom
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Bitcoin is facing renewed selling pressure after average monthly BTC inflows to Binance nearly doubled from 3,880 BTC to 7,600 BTC since April, representing roughly $479 million in potential sell-side pressure at current prices. The increase followed Bitcoin’s drop below the key $60,000 level, a zone that has repeatedly triggered panic deposits during previous market declines. The development matters because rising exchange inflows often signal investors preparing to sell, while a strengthening U.S. dollar and tightening liquidity conditions continue to weigh on sentiment. Analysts are now watching whether the $60,000 support holds and whether upcoming liquidity signals could mark the next major Bitcoin cycle low.
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