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Binance Records Huge Bitcoin Inflows, Analyst Flags Sell Pressure

Digital asset exchange Binance has recorded surging inflows following a drop in Bitcoin price. This liquidation has wiped out billions in value from the crypto market, increasing sell pressure. Inflows to centralized crypto exchanges point to an imminent sale due to the ease of transactions, while outflows to other custodians are viewed as longer-term hodling strategies. Binance Sell Pressure Spikes As inflows to the largest exchange by trading volumes surge, traders record weakened sentiments. This slowed down the chances of a price peak despite days of momentum in Bitcoin and altcoins. Binance market share makes it closely watched among traders. Volumes on the exchange help shape market sentiments, especially among retail investors. A new CryptoQuant report shows the hourly Binance net taker volume plummeted, further sharpening sell pressures. This continues to spark a series of huge outflows from the market as investors offload assets to recover losses. Most retail assets sold are fairly new, likely purchased when the asset price soared above $100K. “ The hourly Net Taker Volume on Binance turned sharply negative today, signaling a significant increase in selling pressure. It reached a peak of -$325M, the highest value in 2025, during the release of the ISM PMI and JOLTs Job Openings data, which revealed unfavorable results for risky assets. Monitoring this indicator, along with others, will be essential to determine whether fear is starting to dominate the market…” The effect of these macro factors on digital assets cannot be overstretched especially indices on institutional clients. These big players tend to move with the financial market, lowering inflows to risky assets like Bitcoin. Institutional volumes fueled a portion of crypto gains, resulting in price dips and slow investments. Last year, these participants ignited Bitcoin to new all-time highs . Funding Rates Plunges Momentum After the BTC price plunged from $108K, funding rates have consistently declined, showing a weak market position. This led to substantial capital outflows in the derivatives market and spells danger for other assets. The impact on altcoins is sharp corrections from double-digit gains to increased losses in the last 25 hours. According to the analyst, a continuous trend could result in Bitcoin failing to maintain the $90K support. “ Deeper Corrections: Potentially testing lower Fibonacci levels or psychological thresholds. Conversely, if Funding Rates recover alongside strong buying activity, Bitcoin could stabilize and resume its upward trajectory,” CryptoQuant added. BitcoinSistemi

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Chainlink Price Could Start ‘New Bull Rally’ – Here’s The Level To Watch

The Chainlink price was one of the several victims of the bearish pressure that swept the entire crypto market at the start of last week. The altcoin’s value fell to $17 — for the first time since late November 2024 — in almost a single move on Monday morning. Chainlink Price Overview The price of Bitcoin dropped to $92,000 after news of US President Donald Trump’s trade tariffs sparked fears of retaliatory actions and a potential trade war. Interestingly, Bitcoin’s price plunge was relatively less significant than that of the altcoin market, with large-cap assets like Ethereum falling by nearly 30% in one swoop. Specifically, the Chainlink price kicked off the week with a 32% slump, succumbing to the bearish pressure triggered by the US trade tariffs. As of this writing, the LINK token has recovered above the $18 mark despite a 1.4% price decline in the past 24 hours. Related Reading: Ethereum Outflows On Derivative Exchanges Hit Record Lows: What It Means for ETH Although the LINK price looks set for a bullish recovery, there seems to be a lull in its movement over the past few days. This sluggishness may be somehow connected to a crucial resistance level, which could prove pivotal to the start of a fresh bull run. Here’s Why $23.76 Is Crucial Prominent crypto trader Ali Martinez took to the X platform to share a significant level that could be crucial to the long-term health of the Chainlink price. This analysis is based on the average cost basis of several LINK investors. In cost-basis analysis, the ability of a level to act as support or resistance depends on the total amount of coins last acquired by investors in the region. In the chart below, the size of the dot represents and directly corresponds to the number of LINK tokens purchased within a price bracket. Recent data from IntoTheBlock shows that around 96,760 investors bought approximately 110.43 million Chainlink tokens within the $20.96 – $26.25 price range — at an average price of $23.78. The high purchasing activity has led to the formation of a supply barrier within this price region. The $23.78 region acts as a resistance zone because of the elevated number of investors with their cost basis in and around it. This level has the potential to witness significant selling pressure from investors wanting to sell their tokens after returning to a breakeven point, thereby hindering further price increases. This implies the potential supply of LINK tokens could overwhelm the buying demand within the $20.96 – $26.25 bracket. According to Martinez, a successful breach above the $23.78 level could set the stage for a new bull rally for the Chainlink price. Related Reading: Bitcoin Price Attempts a Comeback: Can the Recovery Hold? Featured image from Unsplash, chart from TradingView BitcoinSistemi