While Bitcoin inflows to Binance have decreased to 5,147 BTC, technical indicators show that the 50-day exponential moving average (EMA) has been reclaimed and spot demand remains strong. This development raises expectations that the Bitcoin price could rise to $120,000.

The inflow and outflow movements of Bitcoin (BTC) on Binance provide important clues about market sentiment. According to CryptoQuant data, as of Tuesday, the 30-day moving average (DMA) inflows of Bitcoin on Binance have dropped to 5,147 BTC. Interestingly, this figure occurred despite the Bitcoin price being well above $100,000. In contrast, in December 2024, when BTC was still below $100,000, the 30-day average inflows were at 13,200 BTC.

Sudden increases in Bitcoin inflows to exchanges often coincide with market peaks and indicate short to medium-term price corrections. This was clearly observed during the FTX crisis at the end of 2022; at that time, monthly BTC inflows had risen to about 24,000 BTC and reflected panic selling.

However, current data paints a different picture. While Bitcoin is trading above $105,000, BTC inflows to Binance have fallen far below bear market periods. The current inflow figure is less than half of the FTX panic period and well below the average monthly inflow of 12,000 BTC since 2020.

Bitcoin researcher Axel Adler Jr shares the following about these inflow and outflow dynamics:

"The 30-day SMA-based inflow/outflow ratio is still at a high level. This indicates a situation similar to the beginning of the bull market at the end of 2023 and shows that strong demand for Bitcoin continues."

The significant decrease in inflows indicates a change in investors' strategies. Market participants prefer to hold onto their coins rather than sell at strong price levels; this shows that selling pressure is decreasing.

On the other hand, the market is still in a complex environment. Geopolitical risks and macroeconomic uncertainties make it necessary to be cautious against upward trends. Although data shows that more stable and long-term investors are increasing, external shocks can affect prices.

Technically, Bitcoin regaining the 50-day EMA could trigger a move towards $120,000. According to crypto analyst İbrahim Coşar, the 50-day EMA has historically been a strong support line during price correction phases, and maintaining this level typically leads to rapid bullish rallies of 10-20%.

Coşar says, "Bitcoin briefly dipped below the 50-day EMA, but with three consecutive daily closes, it rose above this level. This movement is an important signal for the continuation of the uptrend, and similar situations in the past have triggered significant price increases."

Additionally, crypto commentator IT Tech notes that the increase in cumulative volume delta (CVD) indicates that buyers have taken control in the spot market. CVD reflects market behavior by measuring the net difference between buying and selling pressure, revealing that BTC is supported by strong spot demand and that the price is currently around $108,000.

PLEASE READ CAREFULLY FOR A $10 GIFT FOR 170 PEOPLE.

Friends who have not yet activated the futures section will earn $10 by entering my referral code 88623008 when they activate the futures section. The first 170 people will benefit from this reward.

I AM EXPLAINING IN DETAIL.

My brothers who registered on Binance without a referral, please listen carefully;

You will earn 10 USDT when you do what I said in order.

Enter the Futures section from your application,

On the next screen, enter the REFERRAL CODE section and open your account by entering the code 88623008.

Brothers who want to complete this transaction by April 10th and receive a reward of 10 USDT can do so. After this, it will be sufficient to have a trading volume of $30 after activating your account. However, if you do this after April 10th, your reward will not come. Therefore, I recommend you to take care of it within 5 seconds.

THE SYSTEM WORKS ON A FIRST-COME, FIRST-SERVED BASIS. THEREFORE, DO NOT BE LATE TO CLAIM YOUR GIFT. IT IS LIMITED TO 170 PEOPLE.

PLEASE READ CAREFULLY FOR A $3,300 GIFT.

Friends, you know that we do everything we can for you as broadcasters. We communicate the services and opportunities our officials provide to you. I have never withheld my support for both the cryptocurrency market and you; on the contrary, I am striving to provide more support.

Now I will explain how to claim your gift. First, those of you who have not opened a futures trading account need to activate this account with a short transaction. I will explain in detail and simply how to activate it.

So who can benefit?

Friends who have not yet activated the futures section can activate it by entering my referral code 88623008 when opening the FUTURES section. It is an easy process. I have shown where it is below.