On-chain data shows a net amount of Bitcoin has been flowing into Binance for 
10 days now, a potential sign that investors have been looking to sell. 
Bitcoin Exchange Netflow Has Remained Positive For Binance Recently As pointed 
out by CryptoQuant author Darkfrost in an X post, investors have been 
depositing their Bitcoin to Binance recently. The on-chain metric of relevance 
here is the &#8220;Exchange Netflow,&#8221; which tracks the total amount of BTC that&#8217;s 
currently moving into or out of the wallets connected to a centralized 
exchange. When the value of the metric is positive, it means holders are 
transferring a net number of tokens to the platform. As one of the main 
reasons why investors deposit to exchanges is for selling-related purposes, 
this kind of trend can have a bearish implication for the asset&#8217;s price. 
Related Reading: Bitcoin Bull Run ‘Not There Yet,’ Warns CryptoQuant Founder 
On the other hand, the indicator being below the zero mark suggests 
withdrawals are dominating deposits on the exchange. Such a trend can be a 
sign that investors are accumulating, which can naturally be bullish for BTC. 
Now, here is the chart shared by Darkfrost that shows the trend in the Bitcoin 
Exchange Netflow for Binance, the largest platform by trading volume, over the 
past ten days: As displayed in the above graph, the Binance Bitcoin Exchange 
Netflow has remained at a positive level throughout this window, implying net 
inflows have been occurring. The scale of the inflows has varied each day, but 
there has been an overall surge in the amount of BTC being deposited to the 
exchange during the last 10 days. More specifically, May 16th saw a net 378 
BTC enter Binance-associated wallets, while today the same figure has risen to 
1,190 BTC. This means that inflows have more than tripled over the period. 
&#8220;The largest single day recorded over 3,600 BTC on May 18th, a relatively high 
level for a single day that clearly illustrates the intensity of the 
movement,&#8221; noted the analyst. Related Reading: Not Bitcoin: US Government Bets 
$2 Billion On Quantum Instead The sustained deposits have meant that the 
Exchange Reserve of Binance (that is, the total amount of Bitcoin sitting on 
the platform) has followed an uptrend recently. From the chart, it&#8217;s apparent 
that the Bitcoin Exchange Reserve on Binance hit a low of 616,000 BTC on April 
24th. The metric has since surged to 632,000 BTC, suggesting a net inflow of 
16,000 BTC into the exchange. &#8220;When inflows become dominant and consistent on 
a platform like Binance, this is traditionally interpreted as a potential sell 
signal,&#8221; said Darkfrost. BTC Price At the time of writing, Bitcoin is trading 
around $77,400, unchanged from one week ago. Featured image from Dall-E, chart 
from TradingView.com

On-chain data shows a net amount of Bitcoin has been flowing into Binance for 10 days now, a potential sign that investors have been looking to sell. Bitcoin Exchange Netflow Has Remained Positive For Binance Recently As pointed out by CryptoQuant author Darkfrost in an X post, investors have been depositing their Bitcoin to Binance &#8230;

Bitcoin Sell Pressure Rising? Binance Inflows Hit 10-Day Streak

The dual approach of military action and diplomacy could destabilize global 
oil markets, impacting inflation and central bank policies.
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Rubio says appeared first on Crypto Briefing.

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on crypto markets, impacting global financial stability.
The post Russia warns foreigners to leave Kyiv as it plans strikes on defense 
facilities appeared first on Crypto Briefing.

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Federal prosecutors are seeking forfeiture of bitcoin tied to a synthetic drug 
importation case involving Binance records, blockchain tracing, and 
cooperation with Chinese authorities. Investigators said the seized 
cryptocurrency was linked to accounts and payments connected to alleged drug 
shipments routed through Georgia. Bitcoin Seizure Anchors Savannah Drug 
Forfeiture Case The U.S. Department of Justice […]

Federal prosecutors are seeking forfeiture of bitcoin tied to a synthetic drug importation case involving Binance records, blockchain tracing, and cooperation with Chinese authorities. Investigators said the seized cryptocurrency was linked to accounts and payments connected to alleged drug shipments routed through Georgia. Bitcoin Seizure Anchors Savannah Drug Forfeiture Case The U.S. Department of Justice &#8230;

Bitcoin Seizure Links Chinese National’s Binance Account to DOJ Case

The introduction of autonomous AI payments on BNB Chain could significantly 
boost demand for BNB tokens, impacting the AI-crypto economy.
The post BNB Chain introduces Agent Survival Pack for autonomous AI payments 
appeared first on Crypto Briefing.

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Bitcoin Sell Pressure Rising? Binance Inflows Hit 10-Day Streak

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