Tracking $BTC inflows on Binance is a useful way to visualize potential selling pressure, as the platform handles significant trading volumes.
Short Term Holders have been under considerable stress recently, with many even ending up selling at a loss.
It’s important to keep in mind that the average realized price for STHs currently sits around $92 800.
What’s interesting to observe now is that BTC inflows (7DMA) from STHs to Binance have been steadily decreasing.
They dropped from around 17 000 BTC inflows on November 16, to 14 000 on March 3, and are now hovering around 9 000.
This indicates that selling pressure from short term investors on Binance is easing, which is a positive signal but it still needs to be monitored to confirm whether this trend will persist over time.
Written by Darkfost
