CryptoQuant analysts say inflows into Binance from Bitcoin short-term holders have declined, easing near-term selling pressure. Current inflows are below 6,000 BTC, well down from the November peak, and a substantial portion of readily sellable supply has already entered the market. The analysts warn that if inflows rise sharply again, it could signal a resurgence of negative volatility, and maintaining inflows below November levels will be a key variable shaping the near-term direction.
On January 12, CryptoQuant’s QuickTake noted that inflows into Binance from short-term holders are noticeably lower in January than in November and December. In November, the seven-day moving average of inflows exceeded 12,000 BTC, a high mark as Bitcoin traded near $84,000, with panic selling or aggressive profit-taking driving strong selling pressure. December inflows persisted but with much weaker intensity, not exceeding 7,000 BTC, and Bitcoin spent the period hovering after the sharp decline with limited rebound attempts.
Recent flow is viewed as showing clearer easing signals. Currently, Binance short-term holder inflows remain below 6,000 BTC, clearly different from the November peak. CryptoQuant also notes that the share of short-term inflows has remained relatively stable, and there has been no new wave of large-scale selling by short-term traders. Whether inflows stay below November levels will likely be a key near-term variable determining direction, and a sharp rise could re-ignite negative volatility signals.
Leave a Reply