Bitcoin Price Under Bearish Pressure For 48 Straight Days On Binance
Bitcoin has faced sustained selling pressure on Binance for 48 straight days, according to on-chain exchange flow data. The trend began as mild selling on April 19 and intensified on May 28, when Binance inflows signaled strong sell pressure. During this period, Binance Bitcoin reserves rose by about 39,958 BTC, from 619,529 to 659,488 BTC. Sell pressure peaked on June 2, with a daily adjusted net inflow of +8,791 BTC and a 7-day moving average of +0.844, then eased by June 5 to +1,679 BTC and +0.691. Whales averaged 46.76% of inflows, suggesting the selling was not mainly driven by large institutional holders. The recent decline in inflows may signal a pause or a possible reversal, but the next few sessions on Binance should clarify whether broader distribution is ending. BTC was near $61,073, down 0.9% on the day.
