The analyst said Bitcoin-native deposits to the exchange point to rising sell-side pressure as panic selling appears to accelerate.
Nearly $479,000,000 in Bitcoin-native tokens flowed into Binance, a move a CryptoQuant analyst said signals mounting sell-side pressure as panic selling accelerates. Large exchange inflows are often watched as a sign that holders may be preparing to sell, though the post provided no further breakdown on timing or the wallets involved.